Sunday, April 17, 2022

NQ Guideline For Monday

After breaking below key support of 14,275, and then retested it on Wednesday NQ dropped back down to its next support level, 13,850.

One-day pullback after breaking support is an indication NQ is in fast move dowd. Overnight on Sunday night NQ has broken below 13,850.The next lower support  level is 13,750 then 13,725.

If NQ should clearly break below 13,725 support , it should quickly tank down to  March low, 13,000.

Key line-in-the-sand for NQ on Monday wil be at 13,725, bullish above it, bearish below it.