Monday, July 23, 2018

NQ Guideline for Tuesday

After opening below prior day low, then dropping down to support in the morning NQ reversed and rallied up through several layers of resistances and close at the high of the day, with a huge spike after goggle earning reports.
Image result for google earnings
NQ is current trading higher after hours, setting up a potential opening with a gap-up. If so, key support will be Monday swing high, and it should not break if NQ is going to trend higher.
 
A break-back below Monday swing high implies a movement back down to value area and supports, first support is 7390, then 7375.