Wednesday, January 17, 2024

NQ Guideline For Thursday

On Wednesday NQ opened with a gap-down below 16,860 support and the sold off very sharply, dropping down to lower support before rallying back up to broken support-turned resistance, 17,860

17,860 will be key intraday inflection price level for NQ on Thursday, bullish above it, bearish below it.

On the daily chart, it is possible NQ may need to have a C-Wave down to retest 16,300-16,450 support zone before rocketing back up again.