A sideways trading pattern for NQ on Friday as short-sellers took profit ahead of the weekend. Monday could be interesting because many investors are out of the office for the US Thanksgiving holidays on Thursday.
With the markey in deep oversold at support and many market participants out of the office, we can eithe trade sideways for th week or break below support and sell-off.
Key support for NQ is 24,000, bearish below it and bullish above it.with first resistance at 24,700, then 25,000.
A huge sell-off for the financial market on Thursday as problems with liquidity started to surface. As such we can expect potential crash on Friday if things get out of hand.
For NQ, key support is 24,000. A clear break below will target 22,000-22,400 as the next major support. A drop of 2,000 would not be very surprising
If NQ can stay above 24,000 there is a chance of a snapback rally as profit-taking shorts covers before the weekend,. If so resistances are 25,000 and 25,400
A sideways price pattern for NQ on Wednesday as possibly the manipulator attempted to push the market up but failed.
Overnight on Thursday nigh the manipulator is using Nvdia earning report to push the market up. NQ is up over 400 points in globex trading. If they can cause short-covering we could see NQ staying up and trade sideways, strong resistance is at 25,400
If they cannot hold it up, we can see NQ dropping back down to key support level, 24,700
A sideways trading pattern for NQ on Tuesday. NQ is stair-stepping down. NQ is bearish on the daily chart with then next support at 24,000.
Key resistance is 25,000,.key support at 24,000
The market is relative flat overnight. Without some major market moving news on Wednesday, we could see NQ trading sideways inside Tuesday trading range.
NQ is in oversold zone both on the daily chart and on the weekly chart. As such, it could quickly snap-back up to 100K which is a strong resistance.
Bitcoin 90K is a strong support and 100K is a strong resistance.
Monday was a bearish day in the market. The selling has continued into the overnight trading , with NQ dropping over 200 points lower from Monday's close.
Bitcoin and precious metals are all bearish overnight, setting up for a big gap-ddown open and liquidation decline.
On the daily and weekly chart NQ looks bearish and looks ready to tank down to the enxt strong support level, 24,000.
There's a liquidity problem in the financial market, if the Fwd and the US Treasury does not come in with a big liquidity injection, we could see a big sell-off day.
If the Fed and the Treasury intervene in the market, we could see a fast snap-back rally like the one on Friday
Key price level to watch on Tuesday will be at 24,700, bearish below, next support is 24,000, bullish above, with the next strong resistance at 25,400
A huge 400+ points gap-down for NQ on Friday, which must have panicked the Trump administration who must have engineered a non-stop buy programs that noon and a 663 points rally from the low of the day.
The market then traded sideways spotting a bull flag pattern, setting up a potential massive wave C rally on Monday, If so, NQ would have to break above strong resistance at 25,4400 and rally all the way up to 25,900.
Failure to break clear anove 25,400 is going to cause a sideways choppy patter, with key support at 24,900.
Trading below 24,900 is very bearish
Perhaps the released of Epstein file involving President Trup might have spooked confidence in the market, as the market was bullish in the evening, but as the market approach the open the mood turned sour.
NQ opened just slightly above support, 25,350, but then quickly dropped below and then sold off hard.
Friday could be interesting, a break below support, Thursday low could tank NQ hard, next support is at 24,600-24,700 area.
If NQ can stay above 25,000 we could see NQ rally back up to broken support now resistance at 25,350, then likely trade sideways from there.
Another day of choppy sideways pattern for NQ on Wednesday, the third consecutive day as NQ remained stuck inside a choppy trading range between 25,350 support and 25,900 resistance.
As long as NQ remains inside the range between 25,350-25,900, we should continue to see choppy sideways pattern.
With the US government shutdown now over we should see bullish price action. A breakout above 25,900 is necessary to trigger short-covering rally.
NQ traded sideways on Monday and Tuesday as most traders and investors were out of the office for the Memorial Day holidays It may be ready to trend again as market participants are mostly back in the office. If so, the market should breakout of the current trading range a trend again
Key price level for NQ on Wednesday will be at 25,900, a bullish breakout above it with the next resistance at double top, 26,400.
Support is at 25,350-25,400. Thousg not expected, a sustained break below would be bearisn and could cause a massive liquidation decline. Support levels are 25,400 and 25,750
A very large sideways trading range for NQ on Friday, with a large sell-off in the morning that was followed by a large rally in the afternoon.
With the financial market closed for Vetreans Day on Tuesday we could expect a choppy sideways trading pattern on Monday with inflection price zone around 25,400.
Resistance is at 25,800 and support at 25,000.
