Monday, October 7, 2024

NQ Guideline For Tuesday

Another sideways price action for NQ on Monday as it remains inside a balance trading zone between 19,900 support and 20,200 resistance. 

With Monday as the 7th day inside the range, it may now be ready to breakout of the range.

Key support for NQ is 19,900, a break below it is likely to trigger heavy selling with the next support at 19,400, thats a 400-points drop below skey support.

A break above 20,200 resistance could cause massive short-covering rally, with the next upaside target at 20,600.

Remaining inside the range implies more sideways choppy price action