Wednesday, June 26, 2024

NQ Guideline For Thursday

A slightly bullish, narrow range choppy day for NQ on Wednesday. It was also the second consecutive up day. The current 2 day rally was choppy, and indication that Thursday being a third day could be a down day, a resumption of the recent three day decline.

If so, NQ should break below Wednesday swing low and push lower and run-over trailing stop-loss.

As such, if NQ can break above Wednesday swing high and stay above it we could see huge rally day, with the next resistance at 20,125-20,150.