Wednesday, February 5, 2025

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.