Sunday, January 28, 2024

NQ Guideline For Monday

A very narrow sideways trading range for NQ on Friday. The low was at key support 17,500, which will serve a key support for NQ on Monday.

Key trading range for NQ on Monday will be at 17,500 support and 17,630 resistance. NQ would need to break and stay above 17,630 to trigger short-covering rally with strong resistance at 17,800.

If 17,500 support is not violated we should see NQ making a higher high above 17,800 this week.