Sunday, December 29, 2019

NQ Guideline For Monday

NQ pullback down on Friday after opening with a gap-up, the selling pressure was likely too much for the Fed to hold the market up.
 
The Fed/PPT is going o hold the market up for the year end, as such we can see the market rallying back up again on Monday
 
Key support for NQ on Monday will be at 8770.
-- As long as it can stay above 8770 we could see NQ rallying back up to test Friday's high.
-- Trading below Friday low, 8770 could trigger some sharp selling as short te4m algo go short the market.