High-Probability Large-Profit Trading Strategies for trading stocks, etf, forex, futures, options, commodities, etc.
After three large up day in a row NQ finally pause and trade sideways on Friday, setting up a large decline on Monday or another large up day on Monday
Key support on Monday will be at 12,000. NQ would need to break below 12,000 to generate a large down move. Failure to break below 12,000 implies another sideways price action day or a continuation of the uptrend.
Resistance is 12,200. A sustained break above 12,200 could trigger another round of short-covering.
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