Wednesday, March 27, 2024

NQ Guideline For Thursday

Wednesday was the 5th choppy narrow-range down days in a row since making the high on March 21st. With Friday as a holiday for Easter we could see the shorts covering their position ahead of the long weekend. If so we could see some short-covering rally.

Key inflection price level to watch for Thursday is at 18,500, bullish above, with upside resistance at 18,620 and 18,700.

Below 18,500 NQ is bearish, with supports at 18,460, 18,375 and 18,300