Monday, October 23, 2023

NQ Guideline For Tuesday

NQ opened with a gap-down but was quickly reversed to trap break-down short-sellers, As such NQ rallied all morning before going into pullback mode in the afternoon.

The pattern looks set to rally again on Tuesday morning. To do so, it has to break above 14,800 key level, and then rally higher with first major resistance at 15,000 - 15,100 .price zone.

A break-back below 14,650 is bearish