Monday, September 2, 2019

NQ Guideline For Tuesday

-- NQ Daily trend = in consolidation mode
-- NQ 60-minute trend = down
-- NQ 5-minute trend = down
 
NQ is now stucked between 50-dma (7760) resistance and 20-dma (7610) support on the daily chart. Until we get a clear break out of the range, NQ is going to stay choppy, but a breakout should happen soon. If so, lower support is 7500.
 
Key intraday inflection price level for NQ on Tuesday is 7675
-- Bearish below it, with first support is again at 7550.
-- Bullish above it, with first resistance is 7750