Sunday, November 25, 2018

NQ Guideline For Monday

With the market closed on Thursday followed by a short trading session on Friday our key resistance for NQ on Monday will remains at 6640, and inflection price level at 6600
 
On the daily chart, NQ still looks set for a liquidation drop, which could happen on Monday.
-- Trading above 6600 should keep sellers under control. Seller would come back at 6640 but a clear break above 6640 resistance could trigger some short-covering rally with the next resistance at 6700.
-- Trading below 6600 is bearish but NQ would need to trade below Tuesday swing low 6445 to run over stop-losses and tank the market, next support is 6260