NQ Guideline For Thursday

A negative GDP reading, implying economic contraction,  released before the open on Wednesday caused massive sell-off before the open causing a big opening gap down. However, the opening gap was only down to key support. 

The market sell-off turned into buying frenzy as investors are betting that the Fed may have to cut interest rate in May. Buyer came in and forced the shorts to cover resulting in a big rally from the opening low.

NQ daily chart pattern is bullish, and could rally 1,000 in a day or two, up to the next resistance at 20,800-21,000.

NQ Guideline For Wednesday

NQ continued its slow choppy rally on Tuesday forcing short-sellers to slowly cover. As long as NQ remains above 19,200 the shorts will continue to be under pressure.

Key intraday price level for NQ on Wednesday is at 19,600, bullish above it and choppy below it.

NQ Guideline For Tuesday

Another sideways trading pattern for NQ on Monday. With NQ remaining above 19,200, previous resistance now turned support, as long as NQ remains above 19,200, there is a strong possibility NQ is going to 20,500, the next resistance,

However, with the intraday time frame and the 60-minute time-fame in overbought condition we could see more consolidation on Tuesday, unless of course NQ can push higher and then trigger another round of short-covering.

Key intraday price level for NQ on Tuesday will be at 19,600, bullish above it, bearish below it.

NQ Guideline For Monday

A small up trending day for NQ on Friday with the close above 19,200 key support level on the daily chart. 

Technical pattern on the daily chart and weekly chart is very bullish. As such, as long as Trump does not say stupid about tariff we should see a bullish up-trending day on Monday. The next resistance is at 20,500.

Key intraday support to keep the up-trending day in play is 19,450. NQ must stay above 19,450. A break below that implies sideways day, with ;lower support at 19,200

NQ Guideline For Friday

A huge non-stop rally for NQ on Thursday. The rally continues into the overnight globex trading session. Key price level to watch on Friday will be 19,400, bullish above it and bearish below it.

With stop-loss congregating just above 19,400, if the shorts covers we could see very sharp rally on Friday if NQ could stay above 19,400 and then pushes higher.

If NQ is not able to hold above 19,400, we could see a sharp pullback down to re-test 19,200 broken resistance, now support or lower

NQ Guideline For Thursday

A large gap-up open for the stock market on Wednesday but it did not hold up as the market sold off hard with NQ closing way below the gap-open. Key resistance is now 19,200 and that would serve as strong resistance going forward. 

On the intraday basis on Thursday we could see NQ dropping down to 18,450 support, if that support level holds, we can see NQ rallying back up.

NQ Guideline For Wednesday

An up day for NQ on Tuesday started with a huge gap-up and then traded sideways, setting up for another leg up.

The market has a big rally overnight setting up another big gap-up open and the up up.

Key upside resistance is 19,200, which may pose some resistance on the way up, and may cause some pullback.

Key inflection price zone is at 18,450, bullish above it, and bearish below it.

NQ Guideline For Tuesday

A down-trending day for NQ on Monday with a late day reversal. Overnight the rally continues with NQ up over 100 points in overnight trading. If the rally continues into the regular trading hours we could see a bullish Tuesday.

Key inflection price level for NQ on Tuesday is at 17,900, bullish above it with resistances at 18,150 then 18,500, and bearish below it, with first support at 17,500.

NQ Guideline For Monday

A sideways consolidation day for NQ on Thursday and the market was closed on Easter Friday. NQ is bearish on the daily chart and could go either way, up or down on Monday. The 60-minute time-fame and the 5-minute time-frame are both showing a balance pattern..

Overnight on Sunday night the US stock market has been coming down over 200 points as international investors continue to sell US assets. The key would be when New York market opens for trading on Monday.

For NQ, key price level are 18,500 resistance. A breakout above would be bullish, upside target is 19,000-19,200. Key support level is 18,120, bearish below it, with first downside target at 17,500.

NQ Guideline For Thursday

A gap-down and trend down day for NQ on Wednesday with a sharp rally at the end of the day as investors cover their shorts ahead of the long weekend, setting up a bullish Thursday as shorts continue to cover.

NQ is up after market, setting up a potential gaap-up open that is likely to forced more shorts to cover. If so, we should see sharp rally to resistance 18,800-18,900 in the morning then trade sideways.

Key price level to watch for is 18,430. NQ has to stay above 18,430 for the above setup to play out. Breaking back below 18,430 is bearish.

NQ Guideline For Wednesday

Tuesday was day six consolidation day six consolidation day following a massive three day decline to a low on Monday April 7th. As such we should see a resumption of the downtrend on day 7th on Wednesday.

Key support is now at 18,400. 

A sustained break below could trigger massive liquidation decline. Failure to break implies a bounce, or sideways action before a waterfall decline perhaps on Thursday ahead of the long Easter weekend.

NQ Guideline For Monday

A sideways trading action for NQ on Friday. Depending on what Trump says about tariff against China, we could see big rally on Monday or big sell-off.

Key level for NQ will be at 19,400 key breakout resistance, bullish above it with strong resistance at 20,400.

And 19,200 for key breakdown support., bearish below it.

NQ Guideline For Friday

On Thursday NQ dropped down from resistance as tariff war with China escalates. A massive selling in the US bond market is ready to collapse many of the US hedge funds which can bring the whole global financial system to massive collapse.

The problem created by Trump cannot be reversed no matter what he does from now going forward. Global economic and financial collapse is now a certainty and the stock market is ready to collapse at any time now

NQ key resistance is now at 19,200 and death cross on NQ has just been triggered and massive selling is about to unfold in the stock market.

NQ Guideline For Thursday

Massive intervention by either the US government entity or the Federal Reserve rocketed the stock market up om Wednesday. How long will it stay up here is anyone's guess, it could be just a one or two day rally, then tank again.

The financial system is ready to collapse as numerous bond arbitrage hedge funds and banks are on the very of collapsing, and may need to be bailed out, in the amount that is likely to be in excess of 2T dollars just the keep the financial system from total collapse. Bond yield a spiking up very sharply.

Key price level for NQ on Thursday will be at  19,400, bullish above it with the next resistance at 20,400, and bearish below it, support is again at 16,000-16,700.

NQ Guidelien For Wednesday

 Crash or Bounce For Wednesday

Attempted rally failed on Tuesday as Trump announced another 50% increase in Tariff on China for a total of 105% tariff and promised to increased it higher is China does not comply, and China promised to fight Trump to the end. That set the market tanking on Tuesday

Depending on what Trump announce on Wednesday we can either see another attempted bounce or a crash.

Strong support for NQ is at 16,000-16,700. Normally there would be a big bounce from it, but tariff war is real, and neither side is going to back down.

NQ Guideline For Tuesday

A very wide-range sideways consolidation pattern for NQ on Monday. The closing price was in the middle of the range, a neutral close.

With the market still in unbalance stae due to Trump tariff policy anything is possible. With such a powerful selling momentum the market should move again on Tuesday, downward to continue the trend or upward to relief the oversold selling pressure.

Key resistance is 17,800, bullish above , strong resistance at 19,200. 

Key support is at  17,150, bearish below it with the next support at 16,000.

NQ Guideline For Friday

A huge gap-down open  and rundown for NQ on Thursday due to the impact of tariff. NQ dropped down over 1,200 points from the previous day close.

Friday is either another sell-off day or a pause day, a sideways consolidation pattern.

The impact of tariff is real, and is likely to trigger more capital outflow fron the USA, which is bearisg for the stock market and bearish for the US economy.

Key level for NQ on Friday will be at 18,450, as key support level, bearish below it and neutral to bullish above it.

NQ Guideline For Thursday

A massive sell-off in the equity market after the Trump tariff announcement. NQ tanked over 1,000 after the announcement but has rallied back up overnight.

Key level to watch for on Thursday will be at 19,200, bullish above it and bearish below it with for support layer between 18,500-18,700.

NQ Guideline For Wednesday

A sideways consolidation pattern for NQ on Tuesday following a large up-trending reversal day on Monday. With a very stronmg reversal up day on Monday and a pause oon Tuesday we shoould see NQ rallying up again on Wednesday.

Key resistance to break to cause an uptrend on Wednesday is at 19,600. A break should catapult NQ quickly to the next resistance at 20,000.

Failure to break above 20,600 could attract selling. NQ would need to break below 19,200 to trigger a liquidation decline.

Trup tariff on Wednesday will be key market-moving news.