Monday, March 21, 2022

NQ Guideline For Tuesday

A sideways consolidation day for NQ on Monday. NQ has rallied all the way to a very strong resistance zone at around 14.500

Going forward, NQ either continue to trade sideways before breaking above it, or reverse back down from this strong resistance zone, if NQ would break down below key support zone, now at 14,000.

Thus, for now, NQ is in between 14,000 key support and 14,500 key resistance. A breakout above 14,500 is likely to rocket NQ up to the next strong resistance level at 15,000.

A break below 14,000 is likely to tank tNQ down to 13,000 level.

On the 5-minute chart, key inflection price level for NQ on Tuesday will be at 14,320, bullish above it,, first resistance is at 14,500 bearish below it, with first support at 14,220