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
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.
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
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.
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
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.
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.
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.
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
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.
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.
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.
Trade guideline for Thursday is good 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.
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.
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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.
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
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.
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
