Tuesday, August 2, 2022

NQ Guideline For Wednesday

On Tuesday NQ traded sideways in a narrow range for the second consecutive days in a row.

On the daily time frame, NQ is in overbought zone and may need some sideways action or pullback down move before rallying back up again.

Key line-in-the-sand for NQ on Wednesday will be at 12,970, bullish above with first resistance at 13,100, and bearish below it supports are 12,900 then 12,700