Sunday, January 21, 2024

NQ Guideline For Monday

A large short-covering rally in the stock market on Friday. The short-covering should continue for the next several days before a pullback.

Key level to watch for on NQ is the 2021 swing high, 17,500 area. 

If NQ could trade above it and stay above it, we could see massive multi-day short-covering rally.. A pullback or sideways consolidation if NQ stays below 17,500