Friday, April 19, 2024

NQ Guideline For Friday

Another down day in the stock market on Thursday with NQ making another lower low, and in oversold territory.

NQ downside target remains at 16,700. The overnight low on Thursday night has violate a strong support zone 17,300-17,400. The direction it trades on Friday will depends on where it trades in relation to the support zone.

Intraday inflection price is at 17,600, bullish above, bearish below it.