A very narrow range sideways trading action for NQ on Monday. The pattern is going to continue until NQ breaks below support, 15,475.
There is not many buyers left but not many wants to sell above 15,475 support.
Intraday inflection price level for NQ on Tuesday will be at 15,800.
On Friday NQ rallied back up. On the daily chart, NQ looks like in a topping process.Key support at 156,475 is still providing strong support.
However, there is not much buy power left but selling would not continue until NQ clearly break below 15,475.
Key intraday inflection price level is at 15,770, bullish above it, with resistance at 15,900, bearish below it.
On Thursday NQ opened with a gap-up and then sold off right away. NQ is currently in a very overbought condition on longer term timeframe, daily and weekly chart.
Key support for NQ remains at 15,475 prior swing high from June 16, 2023. Until that support is broken. NQ could continue to trade sideways above it.
A sustained break below it will tank NQ hard. The next key lower support is at 14,840, with some minor support at 15,000-15,150.
Friday tend sto be a sideways day.
Even after the FOMC decision announcement on Wednesday NQ continued to trade sideways. For now, key support remains at 14,475 and resistance at 15,700, a vary narrow range.
On the daily chart, NQ looks ready to break below 15,475 support , with the next support at 14,840, with several minor support levels above it.
The market traded sideways on Tuesday ahead of the FOMC decision on Wednesday afternoon. The market usually trade sideways ahead of the decision.
The announcement usually cause a choppy action short;y after the announcement. Once the market settle down we could see the market trend, usually not until the next day.
However, key support for NQ is at 15,470, with resistance at 15,750. A sustained break out of the range should cause a trending move.
A break to the downside below 15,470 could tank NQ down to 14,840 very quickly.
At the end of the day NQ looks ready to tank, likely after the FOMC decision. It should tank if it breaks below 474.
NQ traded sideways on Monday. With the market waiting for the FOMC to announce their policy decision on Wednesday this week we could see NQ continuing to trade sideways in a narrow range going into the announcement.
Support is 15,470 and resistance aat 15,700. Key intraday inflection price level for NQ on Tuesday will be at 15,590
NQ traded sideways on Friday following a very large down day on Thursday.The low of the day on Friday was still above strong support zone between 15,350 to 15,470.
Key resistance on the intraday basis is 15,700. As long as NQ remains below 15,700 we could still see NQ dropping down top 15,350-15,470
Intraday inflection price for NQ on Monday will be at 15,590, bullish above it, bearish below it.
With the FOMC metting on Tuesday and Wednesday we could see NQ trading in a range until after Wednesday FOMC policy announcement.
A very large down day for NQ on Thursday. NQ low of the day was just above strong support, prior swing high from June and early July, now support, 15,400-15,500
It is very possible NQ may test support around 15,400-15,500 before bouncing and trade tideways on Friday.
On the 5-minute chart, key resistance is at 15,700. We could see strong short-covering rally if NQ trades above it, with strong resistance at 15,850.
NQ traded sideways in a narrow trading range on Wednesday following a large trend day on Tuesday. At the end of the day NQ looks ready to sell-off but it was not able to break down below support.
For Thursday We could see NQ selling off to lower support is it can break key intraday support at 15,900. If so the next lower support is at 15,860
Bullish above 15,900 but with NQ on overbought condition on the daily chart and on the 60-minute chart, we could see sideways action on Thursday.
A large rally for NQ on Tuesday after trading down to support in the early morning trading session.
NQ is likely to trade sideways on Wednesday if it trades back below 15,960, key inflection price level.
Lower support is at 15,850.
With NQ in overbought condition on the daily chart and the 60-minute chart, NQ rally was choppy and narrow-range on Monday.
Key intraday support for NQ on Tuesday will be at 15,815, bullish above it, bearish below it with first support at 15,760, then at 15,670
Key support on the daily chart is at 15,475, prior swing high from June 16, 2023, and as long as NQ remains above it our upside target remains between 16,000-16,250
On Friday after rallying up to higher-high, end of the week profit-taking pull NQ back down to key intraday support 15,675.
15,675 will be key support for NQ on Monday. As ling as NQ trades above 15,675 on Monday we should see NQ rallying back uP to another higher high.
Trading below 15,675 is bearish. If so NQ is likely to drop down to key breakout support T 15,475
A short-covering day for NQ on Thursday. Friday is likely a consolidation day as NQ was in overbought zone at the end of the day on Thursday
Key intraday support for Friday trading is 15,675, bullish above it and bearish below it.
After opening with a big gap up on Wednesday NQ trade sideways in a barrow trading range. NQ may need to consolidate for another day before breaking out to the upside.
Key price level would be at 15,475, bullish above it. If NQ should trade above it and continue to push higher, it may cause short-covering and cause a trending up day.
Trading below 15,475 is an indication NQ could drop back down to support, 15,275 area.
Another sideways choppy day for NQ on Tuesday with the close in the bullish zone. As long as nothing changes the pattern in a drastic way when the market opens on Wednesday NQ should continue to rally with key support at 15,200.
As long as NQ remains above 15,200 the rally should continue, next resistance us 15,325 then the double-top at 15,374.
NQ traded sideways on Monday with a close at key inflection price zone for Tuesday trading, 15,200. bullish above it, bearish below it.
First resistance is at 15,525, and first support is at 15,000.
Trading range on the daily chart is between 14,840 support and 15,475 resistance (14,840-15,475) just ove 600 point trading range.
NQ traded sideways on Friday as expected. On the daily chart, NQ is setup to drop lower likely on Monday.
Intraday inflection price level for NQ on Monday will be at 15,250, bullish above it but bearish below it.
If NQ should trade below 15,250 we could see a fast drop down to the next major support level at 15.000 and likely down to 14,870 if 15,000 support does not hold.
A sideways price action for NQ on Thursday. NQ opened with a gap-down but then rallied back up. On the daily chart, it looks like NQ is setting up for a big dump, but with Friday tendency to trade sideways we could see NQ next leg down may have to wait until Monday next week
On the intraday timeframe, support is 15,130, and resistance is 15,300. Unless NQ can break out of the 15,130 support and 15,300 resistance, NQ should just trade inside the range.
A sideways trading ction for NQ on Wednesday, the day after the 4th of july holiday as most traders and investors are still on holiday.
Key inflection price level for NQ on Thursday will be at 15,360, bullish above, bearish below.
First support is 15,225
