Sunday, December 9, 2018
NQ Guideline For Monday
After just a one day pullback rally, NQ tanked again on Friday, a very bearish sign, an indication NQ is in crash mode.
As such, Monday could either be a consolidation day after a large down day on Friday, or another very large down day.
Key price level for NQ on Monday will be 6660.
-- Trading above 6660 would keep selling under control. If so, NQ could rally back up to 6720 resistance before selling resumes. Should NQ breaks above 6720 the next resistance is 6860.
-- Trading below 6660 implies continues selling, supports are 6500, 6400 and then 6260. Below 6260 NQ is in free-fall