Sunday, October 23, 2022

NQ Guideline For Monday

On Friday NQ opened with a gap-down and then dropping down to key support 11,000 before bouncing off it and rally all day closing near the high of the day. The high of the day was just below key resistance at 11,400, which will be the ket line-in-the-sand for NQ on Monday.

Key resistance for eNQ on Monday will be at 11,400 and key support at 11,250. Trading above 11,400 could cause more buying activities with the next resistance at 11,670

Trading below 11,250 could rigger selling, with first support at 11,150.