High-Probability Large-Profit Trading Strategies for trading stocks, etf, forex, futures, options, commodities, etc.
On Monday, after dropping down to support, NQ rallied all day into the close, closing near the high of the day.
However, intraday, NQ may need to pullback down to support to relieve the overbought condition before rallying back up again.
We should see at least two more days of short-covering rally, with the ultimate upside target at 12,000-12,150, before it ends.
Supports for NQ on Tuesday will be at 11,375 and also at 11,215.
Resistance is at 11,525
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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.
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