Sunday, March 26, 2023

NQ Guideline For Monday

A sideways trading action for NQ on Friday, 

On the daily chart NQ is currently trading just below key resistance price level, 13,000, which if NQ can break above and stay above it could trigger some short-covering and some buying activities, which could propel NQ higher to the next resistance at 14,000.

Failure to break, or failure to stay above it if broken, will cause a massive reversal back down to support, 12,300.

On the intraday time-frame, key inflection for NQ on Monday will be at 12,850, with first support at 12,730, and first resistance at 13,000.