Monday, December 3, 2018

NQ Guideline For Tuesday

On Monday, NQ opened with a huge gap-up to 7100 resistance but heavy selling at resistance pushed NQ back down where it traded sideways in a consolidation pattern all day on Monday, setting up a breakout of Monday's trading range.
 
Key resistance for NQ remains at 7100.
-- Failure to mount a sustained break above 7100 is going to attract selling with key support at Monday low.
-- A break below Monday low could attract heavy selling with first support at 6965, then 6940
 
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