Monday, October 30, 2023

NQ Guideline For Tuesday

Another pullback-up day for NQ on Monday, the second day in a row, likely waiting for the FOMC meeting announcement on Wednesday. 

If the current downswing is still in progress NQ should resume lower on Tuesday, perhaps after rallying back up to resistance between 14,500 - 14,585.

If NQ manage to rally back above 14,850, it is an indication that the current downswing has likely ended. If so ;look for NQ to continue to bounce back up to its upper trendline resistance at 15,150.

Key inraday inflection price level for NQ on Tuesday is at 14,400, bullish above it, bearish below it