Monday, April 13, 2020

NQ Guideline For Tuesday

NQ traded sideways in a very narrow range on Monday but then started to breakout to the upside at the end of the day.
 
Tuesday will be the start of earnings reports and the reports would not be pretty. As such it may give the Fed further excuse to launch another round of stimulus money printing event, which should be bullish for asset prices such as stocks and gold
 
Key intraday support for NQ on Tuesday wi8ll be at 8220
-- Bullish above
-- Bearish below