Monday, July 6, 2020

NQ Guideline For Tuesday

NQ opened with a huge gap-up on Monday, then after trending up in the morning NQ pullback down  during lunch hours, rally in the afternoon into the close, with a close near the high of the day..
 
On Tuesday we could see NQ rallying to higher high with or without an early morning pullback. If so we could then see NQ reversing back down towards support in the afternoon, first support at 10,560, the floor traders pivot level, then dropping down lower to the next support zone, 10,460 area.
 
Key NQ intraday line-in-the-sand is at 10660, key support/resistance level.