Sunday, December 18, 2016

NQ Guideline For Monday

NQ pullback down to just above key support level, 4900, on Friday, a price level that would be key on Monday.
 
Staying above 4900 implies NQ is going to rally back up without pulling back to lower price level. If so the next target is a higher high.
 
A sustained break below 4900 is an indication NQ is going to lower price evel before rallying back up again. The next lower support below 4900 is 4850, then 4800.
 
Santa Claus Rally Is Real
Image result for santa claus rally