Monday, January 29, 2024

NQ Guideline For Tuesday

It was a bullish day for NQ on Monday. The rally started out very slow until the late day breakout. The rally should continue as long as it can stay above 17,630 support level for NQ on Tuesday.

The next key resistance to break is 17,800. If NQ is not able to break above it we could see a pullback down to support, 17,630.

A sustained break above it could cause a sharp spike as some shorts may panic-cover.