Friday, May 23, 2025

NQ Guideline For Friday

Thursday was another day of sideways consolidation above broken-resistance, now support, a zone between 21,500 to 21,000.

As long as 21,500 support is not broken, the current pullback in this current up-trend remains bullish, setting up another explosive rally that is likely to break above its recent all-time high 22,400.

As Friday is usually a sideways consolidation day, the breakout to new high or breakdown below support is not very likely as long as there is no major unexpected market-moving news such as anothe massive spike in interest rate.

Intraday support on Friday is 21,000, resistances are 21,300 then 21,500