Sunday, June 23, 2019

NQ Guideline For Monday (NQ September Contract)

A typical Friday pattern on Friday, choppy and narrow range, with a small rally in the morning then consolidated the rest of the day, setting up a trending morning on Monday. Rally or huge gap-up open continued to be sold.
 
Inflection price level for NQ on Monday will be at 7765.
-- Trading above 7765 in the morning on Monday implies a rally to higher high above Friday's high, then if it continues to follow recent pattern, a higher high get sold.
-- Should the open on Monday be below 7765, we could see NQ declining to 7730, key support.