Tuesday, January 23, 2024

NQ Guideline For Wednesday

Another sideways consolidation day for NQ on Tuesday, the second day in a row. At the end of the day NQ looks ready to trend  back up again as it closed above key price level, 17,500.

If on Wednesday NQ can open and stay above 17,500 it should trigger another round of short-covering. If so we should see NQ rally to 17,700-17,800 price zone.