Monday, March 9, 2020

NQ Guideline For Tuesday

After heavy selling on Monday the selling may pause for a day and may rally on Tuesday. However, selling could come back at anytime and at any level as many investors are force to sell whatever they own to raise capital or to pay margin call
 
On the intraday timeframe for Tuesday key inflection price level for NQ is 8050.
-- Resistance is at 8250 the 200-dma on the daily chart, and 8400 prior consolidation low.
-- Support is again at 7850 prior swing high now strong support.