High-Probability Large-Profit Trading Strategies for trading stocks, etf, forex, futures, options, commodities, etc.
After a huge rally on Friday NQ today spent all day consolidating the huge gain it made on Friday. If consolation has ended we should see NQ trend back up again on Tuesday.
Key support for that to happen is its 50-ma on the 5-minute chart, at the close on Monday, the 50-ma was at 15,840.
If that level can hold after the open, we could see NQ trend up on Tuesday. Breaking back below 50-ma on the 5-minute chart implies more consolidation..
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