Monday, February 6, 2023

NQ Guideline For Tuesday

Monday was the second consecutive pullback down day for NQ after bumping up against strong resistance at 13,000. 

If current pullback is complete NQ should rally on Tuesday. Key price level to trade above is at 12,600, and NQ should trade above 12,600 and continue higher.

If NQ could not break and stay above 12,600 price level it is an indication that NQ may continue to trade sideways or trend down to lower support level, 12,300.

Key inflection price level for NQ on Tuesday will be at 12,600.