Wednesday, August 28, 2024

NQ Guideline For Thursday

A large down day for NQ on Wednesday. The sell-off continued after-hours following NVDA earning reports.

NQ has dropped down to key support after NVDA earning reports. It has recovered some of the sell-off. As long as 19,150 is not violated on Thursday we should see a bounce, with first resistance at 19,700

A clear break below 19,150 is bearish, an indication NQ is going lower with the next support at 18,900