Monday, February 17, 2020

NQ Guideline For Tuesday

The equity market was closed on Monday but last week Friday the market traded sideways as usual.
 
The Futures market is already down in overnight trading on Monday night. Unless the Fed inject massive liquidity overnight the market is set to open lower on Tuesday.
 
Key inflection price level for NQ on Monday is 9620.
-- Bearish below it with supports at 9600 then 9550, then 9450. Supports once broken will b3ecome resistance. NQ Futures has traded down below 9600 support overnight. If the open is below 9600, that level would become resistance.
-- Bullish above 8620.