Monday, January 16, 2023

NQ Guideline For Tuesday

The stock market was closed on Monday for the Martin Luther Kng holiday. The stock market wilt reopen on Tuesday.

NQ has been rallying for the last six days, Tuesday being the seventh day, as such it could continue to rally on Tuesday before pulling back down.. To do so It must stay above key support, which on Tuesday will be at 11,500.

A clear break below 11,500 is an indication NQ is going into a pullback down move that may last from 1 to 3 days, with downside targets at 11,350, 11,200 and 10,770.