Monday, August 21, 2017

NQ Guideline For Tuesday

After making a lower low below Friday's swing low early in the morning on Monday NQ reversed and rally back up, closing just below 5800 key price level.
 
On Tuesday, trading above 5800 could push NQ higher as short-covering and profit-taking activities sets in. If so the next resistance is at 5850.
 
Trading below 5800 is going to keep NQ under strong selling pressure, with key support at 5770.
 
Total solar eclipse kept many investors off the market on Monday
Image result for total eclipse