NQ Guideline For Monday

NQ finally clearly broke out of the previous all time swing high of 15,690 and triggered a short-covering rally that lasted all day Friday into the close.

On Monday NQ either continue to rally if the shorts are forced to cover, or consolidate above the breakout level, 15,690 before rocketing back up again.

At the close, NQ was in overbought zone on the intra-day 5-minute chart, implying a possible pullback down move on Monday morning before it can rally again, as long as pullback down move does not get too large.

Key pullback down support is at 15,760. As long as this level is not clearly violated NQ will stay in a bullish bias zone. Breaking below implies larger pullback down to the 15,690-15,700 zone.

NQ Guideline For Friday

A choppy up-trending day for NQ on Thursday as she shorts continued to cover their position Now that NQ has broken above its key breakout price level, August swing high at 15,690

As Fridays tends to be choppy sideways pattern it would take a major market-moving new to cause NQ to trend, or if NQ should stay above breakout level, 15,690 and pushes higher, and triggers short-covering..

Support/resistance is now at 15,690-15,700

NQ Guideline For Thursday

Another sideways consolidation day for NQ on Wednesday, again with morning rally and afternoon decline. 

NQ is consolidating just below the high from August, either setting up for massive breakout above the high, 15,590 price level, or a sharp reversal back down.

Key level to use as a gauge of trend diection is 15,590 resistance and 15,480 support, a breakout on a sustained break above 15,590 and a fast reversal on a sustained break below 15,480. with lower support at 15,300

NQ Guideline For Wednesday

NQ traded sideways on Tuesday starting off with a huge gap-up and trend up in the morning, that was then followed by a sharp reversal back down to close the gap.

After the gap-close NQ traded sideways the whole afternoon setting up a bear flag pattern. The bear flag support is at 15,000. Trading below 15,000 could trigger a sell-off because a lot of trailing stop-loss for the buyers are just below Tuesday low, with first support at 15,380, then 15,300.

If NQ should trade above 15,580 anmd pushes higher, we could see another round of short-covering rally,target is above 15,700.

NQ Guideline For Tuesday

After a very brief decline on Monday just after the open NQ spent the rest of the day rallying with the closed near the day high.

Key support for NQ on Tuesday will be at 15,440. NQ should remain bullish above it but to continue the Monday uptrend, NQ would need to break above Monday day high and continue to push higher. 

Trading between 15,440 and 15,540 implies more sideways consolidation pattern.

NQ Guideline For Monday

A bearish sideways trading pattern for NQ on Friday, a downtrend in the morning then rally, closing below resistance, the 200-ma on the 5-minute chart,15,380, which should serve as key resistance going into Monday trading.

NQ Friday low was at strong support and should be difficult to clearly break. As such it will take a very negative news to break below Friday low. Trading above the 200-ma on the 5-minute chart is bullish with the next resistance at 15,550

NQ Guideline For Friday

A narrow-range up day for NQ on Thursday. Since Friday is usually a choppy sideways day, we could expect Friday pattern to be choppy sideways.

Key inflection price level for NQ on Fridat at 15,440, bullish above, bearish below. Support are 15,400, then 15,340-15,360. Resistance are 15,480 then 15,530.

NQ Guideline For Thursday

After several consecutive days of rally NQ finally had a pullback day on Wednesday, pulling back down to its key support, the 200-moving average on the 5-minute chart.

NQ traded the whole afternoon just slightly above the 200-moving average, looks set to trend down again if NQ should trade below it on Thursday. 

However, considering how much liquidity central banks are pumping into the system on a daily basis, NQ could also be trending back up on Thursday, after a one-day pullback.

As such, we will again use 15,380 as key inflection price level. bullish above it, and bearish below it

NQ Guideline For Wednesday

More liquidity pump by the Fed, more rally. NQ continue to rally on Tuesday. The rally should continue above 15,380, the key inflection price level for NQ on Wednesday.

If it should trade below that level on Wednesday look for large pullback down, next support will be at 15,340

NQ Guideline For Tuesday

Again, a massive rally in the stock market as central banks inject massive liquidity into the system as they worry about the negative impact of spiking interest rate and inflation world wide.

This is UK 2-year gild Interest rates

This massive liquidity pump will further stoke the current raging inflation which would further spike interest rate and further spike inflation. This is the final end of the blow-off top for everything bubble. It would then be followed by massive collapse, likely by January 2022.

New Zealand 10-year yiekd

In the meantime, panicked central banks will pump more and more liquidity into the system, Look for everything, stocks, all commodities including oil, metals and cryptos, etc to skyrocket to the moon.

On the short term timeframe, look for NQ key pullback support in the morning on Tuesday at 15,200, bullish above, implies larger pullback if NQ clearly trade below it

NQ Guideline For Monday

A choppy sideways day for NQ on Friday following a large trending up day on Thursday. With NQ now in overbought zone on the 60-minute time frame and approaching key resistance at 15,150, NQ would need to be very bullish to trend up on Monday. To do so it would have to stay above key inflection price level at 15,100.

Trading below 15,100 is an indication NQ is going lower and in consolidation sideways mode, with first support at 15,040. Then if that support does not hold and reverse price back up, the lext lower support is at 15,000.

NQ Guideline For Friday

A huge gap-up open for NQ on Thursday and then trend up all day as short sellers were forced to cover. With Friday price action tends to be choppy, we could see a choppy day on Friday.

If NQ should continue to push higher on Friday and causes more shorts to cover, we could see NQ  continuing its Thursday uptrend with strong resistance zone between 15,150-15,250

With earning season in progress, anything is possible, depending on who is going to reports tomorrow and what will be their result be.

Key inflection price level for Friday will be at 15,030

NQ Guideline For Thursday

A very choppy sideways pattern for NQ on Wednesday. On the 5-minute timeframe, it looks like NQ will trend up on Thursday. To do that NQ would have to stay above Wednesday swing high and push higher. If so, the next resistances are 14,900 and 15,000.

The 60-minute time-frame is showing NQ in bear flag. If it is a bear flag, NQ would then drop down and trade below key support at 14,700, and then continue to trend lower.

NQ is also still bearish on the daily chart, with lower target is still at 14,000.

Thus key inflection price level for NQ on Thursday will be at 14,700. 

NQ Guideline for Wednesday

A slow and choppy down day for NQ on Tuesday. With Tuesday being the 3rd consecutive down day from the last pullback high on October the 7th, we could see a sideways consolidation day for NQ on Wednesday.

NQ would need to break below 14,400 to run-over trailing stop-losses. If that happens, then we could see a large liquidation day. Until then the choppy down days can continue.

Key intraday inflection price level for NQ on Wednesday will be at 14,680, bullish above with first and key resistance at 14,760. and bearish below it..

NQ Guideline For Tuesday

A choppy but bearish day for NQ on Monday. Now that NQ has close in oversold zone on the 5-minute chart, we could see a gap-down open and then run down right as buyers get liquidated, or an open with a huge gap-down into deep oversold, then bounce immediately and rally back up to 200-ma on the 5-minute chart.

Either way we could see large moves on Tuesday. The impact of Chinese real estate debt default will influence trend movements on Tuesday.

Key LIS for Tuesday will be 14,760, bullish above, bearish below it.

NQ Guideline For Monday

A choppy with a bearish bias day for NQ on Friday. On the daily time-frame NQ is still below its 20-day moving average,  thus still under a lot of selling pressure from the larger algos. 

At the end of the day on Friday NQ is set to trend away from its consolidation zone on Monday. Key inflection price level to watch for the bias is at around 14,840, bullish above it with upside target at 15,000 if it can break and stay above 14,870.

Bearish below 14,840, with key support at 14,800. If NQ should break below it and stay below 14,800, we could see a large liquidation day especially if 14,700 support is broken.

NQ Guideline For Friday

On Thursday NQ opened with a big gap-up above key resistance level, 14,850, which then triggered short-covering that lasted for about an hour into the trading session. 

But then, there was not many buyers, thus as soon a short-covering ended, NQ dropped back down to the opening price level, and close at the opening price level, a neutral close.

On Friday, a very important employment number is going to be released, and it could drastically change the market dynamos. If the employment report is as expected, we should not see much impact from it, but should the result be no priced in to the market, we could see a big move away from the current price.

Key inflection price level for NQ on Friday will be at 14,950. Bullish above bearish below it. Supports are at 14,850, then 14,750.

NQ Guideline for Thursday

A very volatile early morning session for NQ on Wednesday, with a sharp rally followed by a sharp decline then sharp rally again as sellers and buyers fight for dominance. 

Buyers eventually gain dominance as sellers has to cover their shorts. NQ close at the high of the day on Wednesday setting up a bullish day on Thursday as long as NQ remains above key support at the open.

On Thursday key support will be at 14,660. Bullish above, and bearish below it. If NQ can break above 14,850 we could see sharp rally as shorts may be forced to cover. If so the nest up[side resistance will be at 15,350

With so many market-moving news event, anything is possible, market can go up or down unexpectedly.

NQ Guideline For Wednesday

NQ trend up most of the day on Tuesday but profit-taking and selling caused a very large and sharp drop in the last hour of trading on Tuesday, setting up a bearish tone for Wednesday trading.

Depending on where NQ would open and trade on Wednesday morning, it is possible that NQ may only have one pullback up day. If so, it is an indication the NQ is very bearish. Normally we would get a 3-day pullback from oversold zone.

Key inflection price level for NQ on Wednesday will be at 14,600, bullish above it with resistance at 14,740, and bearish below it, with strong support at 14,000.

NQ Guideline For Tuesday

A very large down day for NQ on Monday, breaking below July swing low, but then closed back above it. Monday low was also starting to get into overbought zone on the daily chart, and could bounce and get into a multiday rally at anytime now.

On the intraday 5-minute timeframe, NQ close above its 50-moving average on the 5-minute chart, 14,420, which will me inflection price level for NQ on Tuesday. 

 As long as NQ can stay above the 50-ma level on Tuesday we could see more rally or just sideways trading action.

Breaking back below 14,420 could attract another round of selling.

NQ Guideline For Monday

After trending down all week, Friday was a time to take profit. Profit-taking by the shorts triggered a very large and very sharp rally, back up to prior swing low turned resistance at around 14,800 before pulling back down to support.

Whether Friday was a one-day bounce or the start of multi-days bounce, we shall see where NQ would trade on Monday. Key inflection price zone would be around 14,700.

Trading back below 14,700 is an indication that NQ downtrend is resuming. Staying above 14,700 implies continue rally or just a sideways consolidation.