Tuesday, March 5, 2024

NQ Guideline For Wednesday

NQ opened with a huge gap-down on Tuesday and then trend down all day with a sharp end of day profit-taking rally, setting up a  high probability gap-up and trend up day on Wednesday. If so, NQ would need to open and trade above 17,975.

Key inflection price level for NQ on Wednesday is at 17,975, bullish above with first resistance at 18,100, and bearish below, with first support at 17,900, then 17,765.