Monday, November 25, 2019

NQ Guideline For Tuesday

A large gap-up open followed by a trend up in the morning before trading flat for the rest of the day. NQ then closed above key intraday inflection price level for Tuesday, and that level is 8370.
Image result for thanksgiving in usa
With such a bullish setup for Tuesday, with the central banks certain to push the market higher into the long Thanksgiving weekend, as long as there is no unexpected market-moving new released on Tuesday NQ should either trade sideways or trend higher, as long as it stays above 8370, with the next upside target at 8400.
 
Should NQ trade below 8370 on Tuesday we could see a decline down to first support, now at 8320.