Monday, July 13, 2020

NQ Guideline For Tuesday

On Monday NQ opened with a huge gap-up and a huge rally in the morning which quickly reversed and crashed down very fast a large starting at lunch.
 
Tomorrow's intraday pattern could either be a sideways consolidation pattern setting up for another large decline on Wednesday, or a continual decline/crash to the next critical support level. 10,300 on Tuesday.
 
10,300 should cause a sharp bounce. However, should NQ sliced down through it the next strong support is not until 10,100 then 9,800.
 
Key intraday line-in-the-sand tomorrow will be at 10,690 as first resistance, and 10,770 as second resistance .