Tuesday, May 16, 2023

NQ Guideline for Wednesday

There is really not much happening in the market on Tuesday. NQ can continue to go slightly higher high on a daily basis, but eventually it will end.

On Tuesday NQ continue to trade sideways in a choppy narrow range intraday pattern. The pattern should continue on Wednesday.

Intraday support is now at 13,450, a break could take NQ to lower support at 13,550.

If NQ stays above 13,450, the next upside target is a higher high above Tuesday swing high.