Sunday, April 30, 2023

NQ Guideline For Monday

A sideways trading action for NQ on Friday with the close above key resistance at 13,300. For Monday 13,300 will be key rice level. Trading above 13,300 could trigger another round of short-covering rally.

With the FOMC meeting announcement on Wednesday we could see bullish price action as the Fed may want to cause a major rally ahead of them raising another 25 basis point raise in short-term interest rate.

Trading below 13,300 is bearish.