Monday, April 3, 2023

NQ Guideline For Tuesday

NQ traded sideways on Monday following a trending up day on Friday.

There is a good possibility that NQ would again trade trade sideways on Tuesday if it is not able to trade above Friday swing high, and then continue higher.

Key price level for NQ on Tuesday will be Friday swing high. 

Trading above Friday high has the potential to trigger more short-covering, and could result in another trending up day. If so the next resistance is between 13,350 to 13,500.

trading below Friday high implies more sideways trading pattern with support at 13,200. Trading below 13,200 implies more selling with the next lower support at 13,000-13,070