Monday, August 7, 2017

NQ Guideline For Tuesday

NQ slowly rallied in a choppy narrow range price action on Monday, finally broken above 5920 resistance.
 
After successfully testing the break, it then continued its slow choppy rally into the close, setting up a bullish day for Tuesday, that is, as long as it can stay above 5920, now key support for Tuesday trading.
 
Staying above 5920 should key the rally going, but breaking back below 5920 implies a retest of 5900, and if that breaks, a retest of 5870 support.
 
Dow continues to set a new record high day after day, perhaps setting up an October crash scenario?
Image result for october stock market crash