Monday, November 13, 2023

NQ Guideline For Tuesday

NQ traded sideways on Monday following a large trending up day on Friday when it broke out and close above key breakout level, 15,475, double-top on the daily chart.

With Monday closing remaining above breakout, we should see NQ trending up again on Tuesday, if it can stay above key support 15,475, with or without any further consolidation.

Key support is 15,465-15,475. Support must hold for the next trend up day to happen. A break below 15,465 is bearish.