Sunday, May 13, 2018

NQ Guideline For Monday

The stock market traded sideways in a narrow range on Friday, setting up for a larger trading range move on Monday, the direction depends on where it trades in relation its short term time frame key price level.
 
For NQ key price level on Monday will be 6940, and it will be a key support.
-- Trading and staying above 6940 is an indication NQ could trend upwards on Monday.
-- Breaking below 6940 could trigger some selling, support is at 6870