Hello Traders!!! Nq has broken its major daily support level at 15550. There is a minor support at 15150 level, break below this level will trigger selling pressure.
support levels : 15100,14950 will offer support at 200 MA. Again break below this level will trigger 14750 , 14500 and 14350.
Buy at major support levels. Be cautious to catch the falling knife.
A move above 15550 will again shift the trend to bullish which act as a resistance.
Upto jan 26 th fomc statement release market will be choppy. Earnings will also play so its going to be a volatile month.
If you like my idea do follow and comment.I hope this will be useful for you!!
Thanks for your view.
support levels : 15100,14950 will offer support at 200 MA. Again break below this level will trigger 14750 , 14500 and 14350.
Buy at major support levels. Be cautious to catch the falling knife.
A move above 15550 will again shift the trend to bullish which act as a resistance.
Upto jan 26 th fomc statement release market will be choppy. Earnings will also play so its going to be a volatile month.
If you like my idea do follow and comment.I hope this will be useful for you!!
Thanks for your view.