Monday, April 6, 2020

NQ Guideline For Tuesday

A breakout day for NQ on Monday, trend up all day, but started to bump into resistance, prior low and not far below the 200-dma on the daily chart.
 
For Tuesday key LIS is 7950 NQ
-- As long as NQ does not drop below 7950 we could see a rally to 200-dma 8225.
-- Breaking below 7950 will tank NQ to the next support level 7825.
 
NQ would need to break below Monday's swing low, 7750 to trigger massive selling which can tank NQ down to the next support 7550, but watch out for potential support at 7675