Thursday, December 14, 2023

NQ Guideline For Friday

A sideways consolidation pattern for NQ on Thursday after a huge rally on Wednesday following a dovish FOMC announcement.

Profit-taking may continue on Friday which would imply another sideways day, however, if more shorts continue to be forced to cover, we could also see another rally day on Friday.

Key intraday inflection price level for NQ on Friday will be at 16,745, bullish above it, bearish below it.