High-Probability Large-Profit Trading Strategies for trading stocks, etf, forex, futures, options, commodities, etc.
NQ Traded sideways on Thursday with a bearish close as bounce from its 50-DMA got sold hard. With NQ now closing for two consecutive day below its 50-DMA, the general market mode is to sell the bounce.
NQ may have to go all the way to the next downside target, the 200-DMA before we see a large multi day bounce. Its 200-DMA is at around 18,000
Key intraday inflection price level for NQ on Friday will be at 18,120, bullish above, bearish below it.
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The investment strategies mentioned here may not be suitable for everyone. Each trader or investor needs to review an investment and trading strategy for his or her own particular situation before making any investment and trading decision.
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