High-Probability Large-Profit Trading Strategies for trading stocks, etf, forex, futures, options, commodities, etc.
Another higher high for NQ on Monday. NQ is now bumping into very strong resistance, a double top resistance with August 2022 swing high at 14,000 .
Some large algos would love to temporarily break above it in a major way, for several days, to trigger short-covering before quickly reversing it back down to cause maximum momentum moves due to trapped breakout traders.
On the intraday basis, key support for NQ on Tuesday will be at 13,8754, bullish above it, resistance is at 14,000
The information provided here is for education and general informational purposes only and should not be considered an individualized recommendation or personalized investment advice.
The investment strategies mentioned here may not be suitable for everyone. Each trader or investor needs to review an investment and trading strategy for his or her own particular situation before making any investment and trading decision.
All expressions of opinion are subject to change without notice in reaction to shifting market conditions. Data contained herein from third-party providers is obtained from what are considered reliable sources. However, its accuracy, completeness or reliability cannot be guaranteed.
Examples provided are for illustrative educational (or "informational") purposes only and not intended to be reflective of results you can expect to achieve.
