Monday, May 28, 2018

NQ Guideline for Tuesday

The US stock market was closed for the memorial day holiday on Monday but last Friday they were able to push NQ above 6960 key resistance level. However without buyers NQ simply traded sideways above 6960 in a very narrow range.
 
Key price level for Tuesday will be 6960 now acting a key support.
-- As long as NQ remains above 6960 it may just trade sideways or rally.
-- Breaking back below 6960 could trigger selling. If so, the next support is at 6860.