Sunday, July 23, 2023

NQ Guideline For Monday

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.