Sunday, April 16, 2023

NQ Guideline For Monday

A sideways trading action for NQ on Friday. NQ is currently stuck between 13,000 support and 13,300 resistance. It needs to breakout of the trading range to trigger trending moves.

The current rally that started in March has ran into overbought condition on the daily chart, and it is not able to trend up until it gets a decent pullback down moves.