Monday, December 16, 2019

NQ Guideline For Tuesday (level on December contract)

The stock market was engineered to open higher on Monday and was continue to get supported all day. NQ is now just below trendline resistance on the daily chart, now around 8610-8620, thus may start to encounter some heavy selling.
 
Key inflection price level for NQ on Tuesday will be at 8580.
-- Above 8580 we should see more rally, next resistance zone is 8610-8620 area.
-- Trading below 8580 implies a potential pullback down movement, with key support at 8520