Thursday, June 27, 2024

NQ Guideline For Friday

 Another choppy sideways day for NQ on Thursday, the 3rd slightly bullish day in a row.

With Friday potentially a choppy sideways day, unless NQ can open with a gap-up above Thursday swing high, and triggers short covering we could see NQ rally to resistance (20,125-20,160) in the morning then decline to support 20,060 and 20,000.

If NQ should open and trade below 19,925, we could see a sell-off But that could wait until Monday. With most traders and investors out of the office for the US 4th of July holidays, the market could continue to trade in a choppy zone,