Tuesday, February 20, 2024

NQ Guideline For Wednesday

On Tuesday NQ opened below Friday swing low and then sold off down to just below 17,500 support before consolidating sideways to slightly up in the afternoon.

The afternoon rally was choppy and looks like a setup for the next down leg to lower support, 17,400 then 17,300.

Key support on Wednesday  will be at 17,500, bullish above bearish below. 

NVIDIA is set to release its earning report after the market close on Wednesday, as such NQ could remain choppy ahead of the earning release.