Sunday, September 19, 2021

NQ Guideline For Monday

NQ day high on Friday was the 20-dma on the daily chart, its key inflection price zone. As NQ opened below the 20-dma, sellers came in aggressively tanking the market and caused a large trending down day for NQ on Friday.

The open was at the day high and the close was at the day low, setting up for a potential bounce day for NQ on Monday or another large sell-off day, and it depends on where it opens and trade soon after the open on Monday.

Key intraday inflection price level for NQ on Monday will be at 15,320.

-- Bullish above it with the first resistance at 15,400, and bearish below it with first support at 15,150, and then a stronger support at 15,000