Sunday, March 14, 2021

Line-in-the -Sand For NQ on Monday = 12,900.

On Friday, NQ opened with a gap-down below support, then after bouncing back up to re-test broken support-turned resistance, NQ trend down to to just above the next lower support zone before rallying abck up to re-test resistance.

It took NQ all day to finally brak above resistance and close above resistance, 12,900, which will act as line-in-the-sand for NQ on Monday.

If NQ should open above 12,900 we could see NQ rallying up to the next resistance zone between 13,000 to 13,050 area. If NQ should break above 13,050 and stay above 13,050, it could trigger more buying with the next upside target at 13,300.

If NQ should open below 12,900 on Monday NQ could tank to the next support level, 12,700 to 12,750 support zone. A sustained break below 12,700 is likely to trigger sell programs that could tank NQ down to 12,200-12,400 zone.