Monday, June 12, 2023

NQ Guideline For Tuesday

A trend-up day for NQ on Monday. Normally following a trending day we would get a sideways consolidation day.

Next upside target is 15,050, first support is 14,870.

The current uptrend is nearing the end, but for now, as long as NQ stayes above 14,000, bulls are in control. NQ is in currently overbought zone on the daily chart, and could starts to get a larger decline as many traders starts to take profit.