Sunday, May 2, 2021

NQ Guideline For Monday

NQ traded sideways on Friday, trading slightly to the bearish side. The pattern was the usual Friday trading pattern.

Again, 13,860-13,880 served as key inflection [rice zone for Friday, and will also still serve as key line-in-the-sand zone for trading NQ on Monday, bullish above, bearish below it.

Unless NQ breaks out of the 13,820-14,440 trading zone, the choppy sideways pattern may continue. Breaking out will cause trending move in the direction of the break.