High-Probability Large-Profit Trading Strategies for trading stocks, etf, forex, futures, options, commodities, etc.
On Friday NQ bounce from a combination of oversold and support, then raded sideways, setting up a big move from here.
Key support for NQ is 12,700, below which the longs trailing stop-loss could starts to get run-over. . As long as NQ remains above 12,700 we could see NQ either bouncing/rallying or trade sideways. Below it, we could see sharp selling, with next support at 12,200.
Key resistance where trailing stop-loss congregates above is 13,325. Short-covering should starts above that level.
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