Sunday, April 17, 2016

NQ Guideline For Monday

NQ traded sideways in a very narrow-range on Friday. Without any new buyers the market is going to either trade sideways or sell-off.

On the 5-minute chart, inflection price level for NQ on Monday will be 4540.
-- Bullish above 4540 but the upside momentum is really slowing down that it needs massive buy programs to get NQ going up in a major way.
-- Bearish below 4540 but unless the market is really bearish look for buy programs to rally the market back up.