Thursday, February 22, 2024

NQ Guideline For Friday

A huge record breaking gap-up open for NQ on Thursday following NVDA earning reports. As such the shorts were forced to cover  causing NQ to trend up all day with a little bit of profit-taking decline at the end of the day.

Key price level for NQ on Monday will be at 18,121, a double-top resistance, prior swing high from February 12th. There are two possibilities, a break and then trend uip all day again on Friday, or pullback and consolidate waiting for a break next week.

Key price level for Friday will be at 18,121, bullish abovewith the next upsiade target at 18,300 and bearish below with first support at 17,968, then if that breaks, 17,765