Tuesday, August 13, 2024

NQ Guideline For Wednesday

A gap-up and trend-up day for NQ on Tuesday. Normally, a trend day is followed by a Pivot Day, where it would trade sideways in a consolidation pattern above the FT Pivot, which doe NQ on Wednesday will be at 19,018.

However, with so many are still short the market there is still a possibility that NQ could trend up again on Wednesday.

Key inflection price level for Wednesday is at 19,065, with key support at 19,018, and the next resistance at 19,185, then 19,377