Sunday, October 24, 2021

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