High-Probability Large-Profit Trading Strategies for trading stocks, etf, forex, futures, options, commodities, etc.
NQ consolidated during overnight trading as it opened with a large gap-down on Thursday..
After a brief sideways action soon after the open NQ began to rally a buyer rushed in to buy. It then spent the afternoon in consolidation, setting up a continual rally for NQ on Wednesday.
The next resistance is at 16,935-17,000 gap-close. but with the shorts getting squeezed we could see NQ rallying all the way to 17,100
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