Tuesday, August 6, 2024

NQ Guideline For Wednesday

NQ traded sideways on Tuesday, but NQ has rallied in overnight trading, an indication of a potential bullish day on Wednesday. However, where it opens on Wednesday in relation to its key inflection price zone is important in determining bullish/bearish bias..

Key inflection price level for NQ on Wednesday will be at 18,220, bullish above it, with the next resistance at 18,700-18,900, prior swing low now resistance, area where the rally may stall and where sellers may come in.