Monday, February 28, 2022

NQ Guideline For Tuesday

Following two consecutive large rally days on Thursday and Friday last week NQ paused and traded sideways with a slightly bullish bias on Monday.

Monday being the 3rd up days in a row, we could get one more up day on Tuesday, or a reversal day on Tuesday. Key level to watch on the daily chart will be 14,000 support and 14,450-14,500 resistance

On the intraday 5-minute chart, key line-in-the-sand is at 14,150, bullish above it with the next resistance at 14,300 then 14, 450-14,500, bearish below it with critical support at 14,000