High-Probability Large-Profit Trading Strategies for trading stocks, etf, forex, futures, options, commodities, etc.
After consolidating all day on Thursday NQ finally broke out above its key intraday line-in-the-sand, the 200-ma on the 5-minute chart on Friday which triggered massive short-covering rally in the morning before trading sideways the rest of the day on Friday setting up the next trending up day on Monday.
To trend up, NQ would have to stay above 16,180 on Monday. Trading back below 16,180 is an indication NQ is going back down to key support, on Monday that support is at 16,080
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The investment strategies mentioned here may not be suitable for everyone. Each trader or investor needs to review an investment and trading strategy for his or her own particular situation before making any investment and trading decision.
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