Tuesday, November 2, 2021

NQ Guideline for Wednesday

On Tuesday NQ opened at key support and then rallied to higher high above prior day high before trading sideways above prior day high.

As long as NQ can stay above key support which on Wednesday, at 15,860, we could see another rally day as the shorts are forced to cover, and the Fed continues to buy the market.

Trading below 15,900 implies deeper pullback an potential consolidation.