High-Probability Large-Profit Trading Strategies for trading stocks, etf, forex, futures, options, commodities, etc.
On the first trading day of 2024 NQ sold off hard, driven down by the magnificent 7 as investors took profit on those 7 high flying tech stocks.
NQ broke below and closed below the 20-day moving average on the daily chart which suggest it should continue top go lower. The next support level for NQ is around 16,300-16,450 prior swing high now support.
On the intraday time-frame, 16,785 is key inflection price level for Wednesday.
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