Monday, April 19, 2021

NQ Guideline For Tuesday

NQ trend down on Monday, a down day with small afternoon rally into the close, above line-in-the-sand for Tuesday, at 13,880.

If NQ should trade above 13,880 at the open, NQ should rally back up to about 14,000 now acting as key resistance. A break above 14,000 implies Monday drop was just a one-day pullback and that the rally has resume, target new higher high.

Breaking back below 13,880 is bearish. However, NQ would need to break below 13,780 to runover trailing stop-losses, and triggers liquidation drop.