Tuesday, November 28, 2023

NQ Guideline For Tuesday

NQ traded sideways again on Monday trading above key support level, 15,975, and closed in the upper range of the day trading range, a bullish set-up for a high probability trending up day on Wednesday.

Key level to watch for on Wednesday would be Tuesday swing high, as trading above it could trigger short-covering and buying that could push NQ higher to break above 16,250 double-top resistance.

Critical support remains between 15,750-15,825 zone. NQ remains bullish above that zone..