Thursday, January 18, 2024

NQ Guideline For Friday

NQ opened with a huge gap-up on Thursday then after rallying in the morning traded sideways. But the close was in the bullish zone. 

With Friday tending to be a sideways day we could see NQ rallying up to the next resistance 17,160.

If NQ should open or trade above 17,160 we are likely to see a big rally towards the next major double-top resistance at 17,500, double top on the daily chart with November 2021 swing high. That's a huge target, NQ may not get there until next week.

For Friday the next upside target is between 17,300-17,350 area.