Tuesday, April 20, 2021

NQ Guideline For Wednesday

A large down day for NQ on Tuesday. Just like Monday pattern, after trending down in the morning NQ then tread sideways in the afternoon, setting up for a potential down day again on Wednesday. If so, we could see a very large down day because the next strong support is not until 13,475 and then 13,330.

On Wednesday, again, look for a large trending down move in the morning, then possible sideways pattern again in the afternoon. To do so, NQ needs to stay below 13,830 key resistance.

NQ would need to trade back above 13,880 again to turn bullish.