Thursday, June 6, 2024

NQ Guideline For Friday

A narrow range sideways consolidation day for NQ on Thursday following a large uptrending day on Wednesday.

On Friday, as long as NQ remains above 18,984 we could see either another sideways day or a trending up day, with the next upside target at 19,400-19,500. ECB cutting rates help boost global liquidity, bullish for the market.

Trading below 19,980 implies more consolidation before trending back up again.