Tuesday, October 18, 2022

NQ Guideline For Wednesday

NQ opened with a huge gap-up on Tuesday. As usual, gap-up tends to get sold as large traders download their bullish position before the market collapse.

For Tuesday we could also see NQ opens with a gap-up that is likely to be used by large fund to sell their long positions. 

Key resistance for NQ on Wednesday will be at 11,400, bullish above it with the next resistance at 11,525, then 11,670.and bearish below it. with key support is at 11,150.