Monday, October 26, 2020

NQ Guideline For Tuesday

After 4 days of sideways action NQ finally broke out of the trading range, thus run-over stop-losses. The beak was to the downside, thus NQ tanked hard in the morning, but buyers and profit-takers managed to overwhelmed seller trigger quite a large afternoon reversal.

For Tuesday key line-in-the-sand is at 11,450, with first resistance at 11,510, then 11,570-11580. Supports are at Monday's swing low. But strong support from the daily chart is not until 11,200