Monday, April 18, 2022

NQ Guideline For Tuesday

NQ traded down to key support at around 13,780 zone on Monday, support from prior pullback swing high on March 09 then traded sideways all day above it.

On Tuesday key price level for NQ will be at 14,000. 

If NQ can trade and stay above 14,000 we could NQ rallying back up to the next resistance at 14,275. However, trading below it implies NQ consolidation is continuing, with support at Monday low of 13780 zone

NQ would need to trade below 13,780 to indicate that the current downtrend has resumed. If so the next support is at 13,000.