Monday, May 16, 2022

NQ Guideline For Tuesday

Another sideways consolidation pattern for NQ on Monday, the second consolidation pattern in a row. 

NQ could continue to pullback up for another day, for the third day on Tuesday. To do so NQ would have to stay above key support level at 12,225

Key intrday resistance is at 12,300. NQ could rally if it can stay above 12,300, with the next resistance at 12,500.