Tuesday, August 3, 2021

NQ Guideline For Wednesday

On Tuesday NQ opened and dropped down to its 20-ma on the daily chart, the third test of the 20-ma in the last five days.

Although there were still a lot of buyers at the 20-dma, the flattening of the 20-dma daily implies, the next it drop back down there, it is likely to break.

Key inflection price level for NQ on Wednesday will be at 15,010, bullish above, bearish below it.

On Wednesday we could see a rally if NQ can trade and stay above 15,010, and bearish below 15,010