Wednesday, January 31, 2024

NQ Guideline For Thursday

A large gap-down open for NQ on Wednesday with the close near the low of the day, a down day for NQ on Wednesday. NQ low was still above support zone, 17,050-17,150. As such it may have to drop further before a bounce.

On the 5-minute chart, key intraday resistance for NQ on Thursday is at 17,500. NQ would need to break above 17,500 to turn NQ into the bullish zone.