Monday, May 30, 2022

NQ Guideline For Tuesday

NQ pullback high on Thursday was at its 20-ma on the daily chart. Since then, under very low volume globex session, buy programs has continued to push NQ higher. 

NQ is now trading above its 20-ma on the daily chart, and also above its key resistance at 12,600, a key inflection price level on Tuesday.

When regular trading environment returns on Tuesday we shall see how and where NQ would trade in relation to its key inflection price, 12,600, bullish above it, bearish below it.