Monday, May 30, 2016

NQ Guideline For Tuesday

The market was closed on Monday. On Friday NQ rally in a choppy NQ had a choppy and narrow-range type of day as most traders were mostly out of the office for the memorial day holiday.
 
NQ is currently starting to get into an overbought condition on the daily chart and could pullback down for one or two days at any time, a pullback that should be bought unless the selloff gets our of control.
 
Support price level for NQ going into Tuesday's is 4500.
-- Uptrend to continue without a larger pullback above 4500.
-- A larger pullback if NQ trades much below 4500

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