Monday, November 27, 2017

NQ Guideline For Tuesday

On Monday, with most traders still not back from their Thanksgiving holidays the stock market simply traded sideways in a very narrow range. Whether or not we can get any range expansion on Tuesday, we just have to wait and see.
 
For NQ key support on Tuesday will be 6400.
-- As long as NQ remains above 6400, it should either trade sideways again, or rally to another new high before distribution selling, insiders selling, comes back in.
-- Trading below 6400 could trigger some selling activities, if so the next support price level is 6375. If that happens to get violated to the downside, then then next support level is at 6345