Tuesday, December 1, 2020

NQ Guideline For Wednesday

 A breakout day for NQ on Tuesday, with NQ opening above prior day high, then trend up all day, with a small profit-taking decline near the close.

On Tuesday, key inflection price level is at 12,460. If NQ should trade below 12,460 on Wednesday we could see NQ likely to trade sideways between support, 12,340 and resistance 12,460

Trading back above 12,460 could cause some short-covering activities that could send NQ back up to another higher high. If so, the next upside target is at arould 12,560