Tuesday, May 17, 2022

Tuesday was the 3rd pullback day for NQ. The pullback still has more room to the upside before it starts to run into resistance at 12,700-12,850.

12,500 will be a good price inflection zone, bullish and more rally if NQ can remain above 12,500, with the next upside target at 12,700 and then 12,850. and 13,000.

Trading below 12,500 implies a further drop to 12,400, line-in-the-sand. then 12,200.