Tuesday, May 23, 2023

NQ Guideline For Wednesday

NQ pullback down from 14,000 resistance zone, a pullback down day. The pattern of the current pullback would tell us whether or not it is setting a stage for a real breakout above 14,000 resistance or a falsebreakoit, or a no-breakout.

Is it going to be a 1 to 3 day pullback before breaking above 14,000 resistance , or is it something else.

On the intraday basis, key resistance level for NQ on Wednesday is at 13,850, bullish above it, still bearish below it.