High-Probability Large-Profit Trading Strategies for trading stocks, etf, forex, futures, options, commodities, etc.
On Monday NQ opened with a gap-up, to complete its wave 5 rally from the July 14th swing low. It was a typical wave 5 gap, a gap-reversal.
NQ high of the day was just shy of its 12,200 resistance. Profit-taking and new selling caused NQ to drop down to 11,850 support zone.
11,850 will be support for tomorrow with first resistance at 12,000. Failure to stay above 11,850 is likely to trigger more selling with potential support at 11,700 then 11,500.
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The investment strategies mentioned here may not be suitable for everyone. Each trader or investor needs to review an investment and trading strategy for his or her own particular situation before making any investment and trading decision.
All expressions of opinion are subject to change without notice in reaction to shifting market conditions. Data contained herein from third-party providers is obtained from what are considered reliable sources. However, its accuracy, completeness or reliability cannot be guaranteed.
Examples provided are for illustrative educational (or "informational") purposes only and not intended to be reflective of results you can expect to achieve.
