Monday, March 1, 2021

NQ Guideline For Tuesday

A gap-up opened for NQ on Monday trapping the shorts, triggering short-covering acttivioties all day on Monday into the close.

This type of day is usually followed by another higher-high, it could also be another trending up day but it is more likely a sideways day, with either a nmorning rally that reverses or a morning pullback followed by a rally.

Key support level for NQ on Tuesday will be at 13,225, bullish above with first resistance at double top, 13,325, if it can break through that look for sharp short-covering rally to the next target at 13,390.