Monday, May 8, 2023

NQ Guideline for Tuesday

A very narrow range day for NQ on Monday. NQ is still stuck inside the range between 13,000 to 13,300. It would eventually break out of the range. 

Credit continues to contract and should eventually started to drag stock prices down. The questions is just when.

Key support remains at 13,000 and key resistance at 13,300

On the intraday basis, key price level to watch on Tuesday will be at 13,300, acting as support as of the close on Monday.