Monday, June 21, 2021

NQ Guideline For Tuesday

On Monday the market opened with a bearish bias, with NQ dropping down to support and oversold zone, which triggered a huge buy programs that quickly reverse it back up above prior day low, indicating trend reversal from down to up has started.

NQ rallied in the morning, but traded sideways in a very narrow range the rest of the day. setting up either a trending move up on Tuesday, if it can stay above 14,120 line-in-the-sand, or trend back down if it is not able to stay above 14,120.

First resistance is 14,200, first support is 14,020, then key support at 13,940