Monday, June 20, 2022

NQ Guideline For Tuesday

A choppy sideways trading pattern for NQ on Friday. With the market closed on Monday it would be difficult to forecast what the market is going to do on Tuesday.

The market is in oversold zone on the daily chart and the weekly chart, and may get an oversold bounce perhaps this week before going back down. So far, heavy selling has prevented any big bounce from happening.

Key intraday inflection price level for NQ is at 11,300, bullish above it, bearish below it.