Monday, May 8, 2023

NQ Guideline For Monday

After dropping down to test support (13,000) on Thursday NQ rallied back to resistance on Friday. NQ remained stuck inside the 13,000-13,3000 trading zone.  As such a sustained break out of the zone is going to trigger a sustained trend out of the zone.

On the intraday basis, key price level for NQ on Monday will be at 13,300, bullish above it bearish below it.

For now,we would just have to wait for a sustained break out of the 13,000-13,300 zone to follow the breakout.