Sunday, April 24, 2022

NQ Guideline For Monday

NQ has been in free fall for the last two trading sessions since breaking below key support  level of 14,275.

With no strong support until 13,000 NQ could easily tank down to 13,000 on Monday, or it may paused and consolidate the big drop for a day before tanking and crashing down below 13,000.

NQ would need to trade back above 13,775 to trigger some short-covering rally.

Key intraday line-in-the-sand for NQ on Monday will be at 13,500, bullish above it with first resistance at 13,775, and bearish below it, with first support at 13,000.