Monday, September 14, 2020

NQ Guideline For Tuesday ( September Contract)

On Monday  NQ opened with a huge gap-up which triggered short-covering causing it to break above 200-ma resistance on the 5-min chart. It then consolidate d sideways above the 200-ma all day on Monday,
 
On Tuesday as long as NQ remains above 200-ma we could see a rally. Rally target is 11,400 - 11,575 double-top.
 
If on the other hand NQ fall back below 200-ma, it is a sign of bearishness, with first support at 11,100. Trading below 11,100 is very bearish.