NQ Guideline For Friday

Following a brief sharp drop for NQ in the morning, dropping down to support, NQ slowly rallied back in a very choppy pattern back up to resistance, looking like a bear flag to set up Friday sell-off back to Thursday low.

Key price level to watch on Friday will be at 22,150, bearish below it, an indication NQ is going back down to re-test Thursday low, and bullish above it, implies NQ is going to continue to rally back up to retest Wednesday swing high.

In any case, Fridays tends to be choppy sideways, and the pattern is setting up for a choppy Friday trading..

NQ Guideline For Thursday

A very choppy narrow range trading pattern for NQ on Wednesday as it struggled to rally just below  its double-top resistance zone. It looks like NQ may need to pullback down before breaking above resistance.

Key inflection price level for NQ on Thursday will be at 22,200, bullish above it and bearish below it. with first support level at 22,085 then 21,900

NQ Guideline For Wednesday

NQ continued to trade in a very narrow range below key double-top resistance of around 22,400, with key support now at 22,100. 

As long as NQ remains above 22,100, a breakout is coming soon, especially more so now that the S&P 500 has broken above its double-top resistance.

Breaking back below 22,100 is an indication NQ will need a pullback before breaking above its double-top. Lower support is at 21,900.

NQ Guideline For Tuesday

A choppy narrow range up-trending day for NQ on Friday as NQ approaches key resistance, a double-top with its all-time high.

The key question to ask ourselves here is, would NQ pullback before it breakout above double-top swing high before pulling back, or would NQ breakout and then pullback to breakout price level, 22,400. For the answer, we just have to wait and see.

Key intraday price level for NQ on Tuesday would be at 22,170, bullish above it, bearish below it.

NQ Guideline For Friday

A choppy up trending day for NQ on Thursday. On the longer term time frame, daily and weekly, NQ looks ready to breakout to new high, to the 23,000-24,000 price level once it can break above 22,100 key resistance and pushes higher.

On the intraday time frame NQ may need to pullback down to broken resistance, now support at 21,900.

However, a sustained break above 22,100 could trigger a short-covering rally. If so, we could see a large rally even on Friday when the market tends to get choppy sideways.

NQ Guideline For Thursday

Higher than expected CPI print on Wednesday tanked the stock market at the open with NQ opening down to 21,550 key support. Buyers quickly came to buy triggering a rally to just below key resistance 11, 900 for NQ

Thursday trading will be interesting as NQ looks set to break above 21,900 resistance. If it does and if it can stay above 21,900 resistance we could see shorts being forced to cover. If so we could see a trending up day, higher resistances are at 22,150 and 22,250.

NQ Guideline For Wednesday

 Financial market continue to be choppy and NQ is no exception. 

NQ trading range is now between 21,900 resistance and 21,550 support. However the daily range has dropped down to 100 - 150 points as most market participants are on the sideline waiting for a breakout in either direction,

21,900 key resistance, 21,550 key support.

 

NQ Guideline For Tuesday

A very narrow range trading for NQ on Monday. On the daily chart there is really no indication of a trending moves unless NQ can break and push higher above 21,900.

Tuesday may be another choppy narrow range day again as NQ remains inside a trading range between 21,.000 - 22,000

NQ Guideline For Friday

A sideways choppy trading action for NQ on Thursday.  Without any unexpected market-moving news on Friday the choppy sideways action is to continue. Another sell-off is likely to occur again on Monday next week.

Strong resistance is at 21,900 to 22,100.

NQ Guideline For Friday

On Wednesday NQ closed at the high of the day just below 21,800 resistance zone. NQ is likely to continue to rally in the morning with resistance at 21,900 - 22,100. 

To do so it must break above  21,800 then 21,900. Failure to break above could attract short-sellers.

First strong support is 20,550 and it should not be broken on Thursday without any major unexpected market-moving news..

Selling may have to wait until next week Monday as long as 20,550 holds.

NQ Guideline For Wednesday

NQ continue to trade sideways inside a 1,000 point trading range between 21,000 support and 22,000 resistance, with 21,550 as inflection price level.

Overnight Google has sold off hard following their earning announcement. NQ is already down during after hours trading. A negative sentiment from Google could tank NQ down to its support 21,000 on Wednesday..

The market probably need more than news from Google to break the 21,000 NQ strong support.

NQ Guideline For Tuesday

NQ opened with a huge gap-down on Monday but then bounced off double-bottom support 21,100  then rallied back to resistance 21,500, a typical topping price action.

Key intraday price levels for NQ on Tuesday will be at 21,500 resistance and 21,300 support. A sustained break out of the rane could cause a large moves out of the range.

Upper resistance is at 21,900 and lower support is at 21,000-21,100. Price action overnight is looking bearish, an indication that 21,000 very strong support level may get broken to the downside on Tuesday.

Trunp trade war with Canada and Mexico is also very bearish for the US financial market as well. Trade war is a loss-loss proposition as nobody win a trade war, but Donald Trump does not know that.

NQ Guideline For Monday

Just like last Sunday night, the equity market has crashed again in overnight trading, down to key 21,000  key support level and has bounce a but.

Early Monday morning trading action would b key, and 21,000 would be a crucial support level.

Trading below 21,000 could trigger enough selling pressure to crash NQ down to the next support level, 20,000. It is not difficult to see NQ dropping down to 20,000 if 21,000 key support is violated.

Should there be a rally, resistance is 21,550 

NQ Guideline For Friday

A sideways trading action for NQ on Thursday, There is not much setpup for a trending move for Friday unless NQ breaks out of its current trading ranger between 21,300 support and 21,900 resistance.

Key inflection price level is at 21,550, bullish above it, bearish below it

NQ Guideline For Thursday

Another uneventful day in the equity market on Wednesday even after the FOMC policy decision release. It was just a sideways trading action.

NQ remained inside a trading range between 21,300 support and 21,650 resistance. Until it can breakout of the range we should continue to see sideways trading action.

NQ is currently in a slightly bullish zone, above 21,300.

NQ Guideline For Wednesday

A large bounce for NQ on Tuesday as investors bought ahead of the FOMC decision on Wednesdau. After the decision, anything can happen depending on what the Fed policy will be.

The damage to the American AI supremacy has been shattered, and the adjustment to the American Tech prices companies stock price has begun.

FOMC Tuesday

NQ Guideline For Tuesday

News from China that the Chinese companies, Deepseek) may be over-taking the United States in AI technology triggered massive selloff in US tech companies , causing massive market meltdown.

This might be the beginning of the end of capital inflow into the US and the starts of international capital outflow, which will be devastating for the United States.

For NQ, key price level to watch on Tuesday will be at 21,300, bullish above, bearish below it. It is possible that investors may be waiting for the FOMC policy decision release on Wednesday befor making a big decision. If so we could see NQ rallying back up again.

NQ Guideline For Monday

A slightly bearish trading action for NQ on Friday.  Overnight on Sunday night the equity market has sold off very hard with NQ down over 500-points.

Key support for NQ on Monday is at 21,300 and if that does not hold the next key support is 20,900. Should 20,900 is violated we could easily see a flood of selling panic that could drop NQ down to 20,000

NQ Guideline For Friday

A sideways trading action for NQ on Thursday. The pattern is likely to continue on Friday with support levels remaining at 21,800 and 21,900. 

 long as there is no unexpected market-moving news release before market open on Friday the support level should hold.

NQ Guideline For Thursday

Another bullish day for NQ on Wednesday starting with a huge opening gap-up. NQ consolidated sideways in the afternoon. 

Key support for NQ on Thursday is at 21,800 to 21,900. 

If NQ does not need a deeper pullback before rallying back up again, then 21,800 - 21,900 support should hold. A break implies larger pullback. 

NQ Guideline For Wednesday

A narrow-range up day for NQ on Tuesday. The market continue to remain on the bullish side and should continue to push higher as long as Trump does not say any stupid thing

Key support level for NQ on Wednesday will be at 21,670, with the next critical support at 21,550. As long as 21,550 support is not violated NQ should continue to trend higher.

Trading above 21,900 could trigger massive short-covering rally.

NQ Guideline For Tuesday

With Trump second day as President of the United States of America, the market could be very volatile as no one knows what Trump is going to do or say.. As such we just need to be nimble.

For NQ key price inflection price level on the darily chart is at 21,300, bullish above it, bear

NQ Guideline For Friday

A slightly bearish consolidation day for NQ on Thursday. It was a very choppy slow grinding down day.

Friday could also be a choppy consolidation day as well with key inflection price level at 21,300, First support is at 21,130 and first resistance at 21,450.

As long as there is no unexpected market-moving news before the open that knocks the market out of balance before the open, the above analysis remains valid. 

NQ Guideline For Thursday

A huge opening gap-up and trend up on Wednesday. Overnight NQ has continued to rally higher, setting a likely gap-up and trend-up in the morning but reverse at lunch or in the afternoon.

Resistance is at 21,550-21,600.

There is a potentially bullish setup on the daily chart that could trigger a further 700 to 1,000 point rally within a few days, and it could happen ahead of next week Monday Trump inauguration.

Key support is now at 21,300. Bullish above it and bearish below iy.

NQ Guideline For Tuesday

A bullish reversal day for NQ on Monday, starting with a gap-down open and then then rallied all day closing just below key intraday resistance, 21,000.

On Tuesday, if NQ could open with a gap-up above 21,000, and then able to stay above 21,000 we could see a big short-covering rally, that could propel NQ up to either 21,300 resistance and also higher to 21,600 resistance. Whether or not its needs one day to do it or needs two days, it is difficult to forecast.

Thus key inflection price level for NQ on Tuesday is 21,000, bullish above it, bearish below it.

Overnight, both the stock futures andthe crypo futures points to a bullish day on Tuesday. As long as there is no unexpected market moving new before the open, we should see a bullish Tuesday. 

Thursday was a holiday to honour former president Jimmy Carter's death

 Trade guideline for Thursday is good for Friday

NQ Guideline For Friday

A sideways consolidation type of day for NQ on Wednesday following a large down day on Tuesday. Depending on where it trades in relation to key support, 21,300, we could either see another sideways day or a rally day or a down day.

NQ has several layer of supports, 21,300, then 21,000 and then finally 20,900. NQ would need to clearly break below 20,900 to cause a waterfall decline down to the next lower support, 20,000. Will the crash down to 20,000 happen on Thursday? it is not very likely due to those strong supports.

Staying above 21,000 would keep NQ in a neutral to bullish zone.

NQ Guideline For Wednesday

A large down day for NQ on Tuesday as the 10-year bond yield continue to spike higher. The yield seems poised to continue higher which is very bearish for the stock market. 

As such there is a real possibility the stock market may crash in a big way, with NQ dropping over 1,000 intraday, be on a watch out.

On Thursday key support is at 21,300, a break is going to cause a sharp drop to 221,000 and key resistance at 21,600, a sustained break is likely to cause a sharp rally up to 21,900.

NQ Guideline For Tuesday

A sideways intraday trading pattern for NQ on Monday, with opening gap-up above 21,650 resistance and then came back down to re-test it.

On Tuesday we could see trading sideways above 21,650, or if that level is broken to the downside, we could see NQ trading lower to the enxt support, 21,450.

Trading above Monday high could push NQ higher to 21,100 price level as the shorts are forced to cover.

NQ Guideline For Monday

A gap-up open and trend-up day for NQ on Friday. On Monday we could see another trend-up day if NQ can trade above key resistance, 21,550, or trade back down to support, 21,300 if it fails to trade and/or stay above 21,550.

If so we could see a sideways trading pattern oscillating between 21,550 resistance and 21,300 support.

A clear break below 21,300 support could cause a sharp drop, with the next support at 21,000

NQ Guideline For Friday

A sideways trading pattern for NQ on Thursday, with the low at strong support of 21,000. There is another layer of strong support at 20,900. NQ would need to clearly break below 20,900 to tank.

As long as NQ remains above 20,900 we are likely to see more sideways action as sellers and buyers causes the market to swing up and down in unpredictable way.

NQ Guideline For Thursday

Tuesday low was at major support on the daily chart, the 50-day moving average. Overnight on Wednesday night NQ has rallied back up, indicating a bullish day on Thursday.

If so, NQ would have to stay above 21,300, key intraday inflection price level for NQ. As long as NQ remains above 21,300 on Thursday NQ would be in a bullish mode, rally target is 21,700.

Bearish below 21,300 with strong support at 20,900-21,000