High-Probability Large-Profit Trading Strategies for trading stocks, etf, forex, futures, options, commodities, etc.
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.
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The investment strategies mentioned here may not be suitable for everyone. Each trader or investor needs to review an investment and trading strategy for his or her own particular situation before making any investment and trading decision.
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Examples provided are for illustrative educational (or "informational") purposes only and not intended to be reflective of results you can expect to achieve.
