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.

NQ Guideline For Tuesday

A trending-up reversal day for NQ on Monday, started with a huge gap-down open followed by all day rally. Normally this should be followed by a consolidation day, trading between 19,600 and 19,200 support. 

Only a break above 19,600 or a break below 19,200 could change the above pattern. Anything is possible as Trump tariff approaches. It will all depends on what Trump says

NQ Guideline For Monday

A very large trending-down day for NQ and the genera; equity market on Friday. With Trump tariff schedule to be in place on April 02, we could see huge selling activities on Monday.

Key level to watch is at 19,200, bullish above it, but extremely bearish below it.

First support is at 18,700 then 18,450. These zones are strong support but with the tariff scare looming, these support may not hold as massive selling may just crash through it.

NQ Guideline For Friday

A sideways consolidation pattern for NQ on Thursday following a large down-trending day on Wednesday. With Friday's tendency to trade sideways we could see NQ trading sideways again on Friday, then trend again on Monday.

Key price level for NQ on Friday will be at 20,000 support. 

A sustained break below 20,000 could start to trigger liquidation decline. If so we could see NQ dropping down to the next support level, a double-bottom support with March 11th and 13th swing low.

Both on the 60-minute chart and the daily chart NQ looks ready to tank. However, it may have to wait until Monday next week.

NQ Guideline For Thursday

NQ sold off hard on Wednesday after not being able to break above strong resistance from a combination of its 200-day moving average on the daily chart and prior swing low from November 15-24, 2024 now resistance.

It is possible to have another downtrending day again on Thursday if NQ can break below key support 20,000.

If 20,000 should hold on Thursday we could see choppy sideways consolidation action on Thursday. 

NQ Guideline For Wednesday

A narrow range sideways trading action for NQ on Tuesday. The pattern looks bullish on the shorter time frame, and ready to trend up on Wednesday but on the daily chart NQ looks toppy and ready to trend down on Wednesday.

As such we will look for key price level, which on Wednesday will be at 20,500, bullish above, with the next resistance at 21,000.

Bearish below itwith first support at 20,100

NQ Guideline For Tuesday (June Contract)

A huge opening gap-up for NQ on Monday followed by a narrow-range sideways pattern as shorts were forced to cover..

With such a huge gap-up open we could see Tuesday as a sideways pattern. The upside target is now at 21,000, as long as NQ remains above 20,000 support.

NQ Guideline For Monday (March Contract Level)

Now that the tripple withching options expirations is over we can easily see the market starts to trend again, either up or down, depending on where it trades in relation to ket technical price leve.

For NQ that key price level is 20,100. Trading above 20,100 will target a fast move to 21,000 dues to short-covering.

If NQ instead, starts trading baxk below 19,770, we should see a resumption of selling.