Monday, November 4, 2019

NQ Guideline For Tuesday

NQ is in breakout mode on the daily timeframe as long as it remains above 8000. As such there is not much selling. It is now getting choppy and narrow range as it approaches an overbought condition on the daily timeframe, now at 8300.
 
On the short term intraday timeframe, key support for NQ on Tuesday will be 8200.
-- Above 8200 NQ should either trade choppy and sideways or rally to another higher high.
-- We could see sharp sell-off below 8200 with first support at 8160