Monday, February 20, 2017

NQ Guideline For Tuesday

The market was closed on Monday for the President's day holiday. But  on Friday last week the market continued to rally in a fast mode. The pattern should continue going forward.
Image result for president day 2017
Short term time frame (5-minute) support on Tuesday will be 5315.
-- As long as NQ stays above 5315 on Tuesday the current fast mode rally on the daily chart should continue.
-- Trading below 5315 is an indication NQ may be going into a pullback down mode.