Tuesday, April 19, 2022

NQ Guideline For Wednesday

After breaking below strong support at 14,275 and then dropping down to the next lower support at 13,780, NQ has been stuck inside that trading range 13,780-14,275 for six consecutive days.

13,780-14,275 will remain key price levels until it breaks out of it. When it breaks, NQ should quickly trend to the next resistance level if the break is to the upside, and NQ should tank down to the next support level if the break is to the downside.

A clear break above 14,275 should rocket NQ up to the next resistance level, 15,150.

A break below 13,780 support should tank NQ down to 13,000

Intraday key inflection price level is 14,000, with resistance at 14,250 and support at 13,780