Thursday, November 16, 2023

NQ Guideline For Friday

A very narrow sideways trading range for NQ on Thursday, the second consecutive consolidation days following a huge gap-up opening on Wednesday.

With NQ closing above key support at 15,800 we could see a trend up day for NQ on Friday if it can break and stay above key resistance of 15,900.

Although the bias at Thursday close is bullish, a sustained break out of the 15,800-15,900 trading range could cause a large and fast move away from the range, upward or downward.