Sunday, November 21, 2021

NQ Guideline For Monday

On Friday NQ opened with a gap-up, then after a brief rally, as expected on Friday,  NQ traded sideways all day.

On Monday, with s shortened trading week due to the Thanksgiving holidays, unless NQ can open and stay above key price level, 16,580, we could see sideways to down action for NQ in the morning.

Opening and trading above 16,580 could trigger another round of short-covering rally, with upside target of a break above Friday swing high.