Tuesday, January 7, 2025

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.