High-Probability Large-Profit Trading Strategies for trading stocks, etf, forex, futures, options, commodities, etc.
Friday was the second day of short-covering rally as the shorts were forced to cover. After two large up-day it is possible that NQ will go into a consolidation type of day. If so, we should see NQ dropping back down below 11,780 down to the next support level of 11,650.
However, if NQ could stay above 11,780, line-in-the-sand for NQ on Monday then we could also see another rally day, the third day in a row. with the next resistance zone at 12,000-12,100.
The information provided here is for education and general informational purposes only and should not be considered an individualized recommendation or personalized investment advice.
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.
