Wednesday, March 12, 2025

NQ Guideline For Thursday

Wednesday was day 2 consolidation day. If the downtrend is still in fast mode Thursday should be a large down day. To do so NQ should break below Monday swing low and tank. Support is still at 18,500-18,700.

Overnight NQ has already showing weakness. Key resistance is still at 20,000. NQ needs to break above 20,000 to trigger a large profit-taking short-covering rally.