Monday, July 10, 2017

NQ Guideline For Tuesday

On Monday, the first test to break above 5680 resistance soon after the open failed as NQ dropped back down to support, a combination of prior day closing price and FT Pivot before bouncing and rallied back up to 5680 resistance.
 
The second attempt of the day to break above 5680 was a success and NQ then continue to rally up to the next resistance price level, 5700.
 
On Tuesday key resistance will be 5700-5720, and will be a strong resistance.
-- Failure to clearly break above 5720 is going to attract selling that could quickly send NQ down towards recent low.
-- A clear break above strong resistance is going to trigger some buying, next resistance is at 5780.