Monday, February 5, 2024

NQ Guideline For Tuesday

A sideways trading action for NQ on Monday which is normal following a trend day on Friday. By the end of the day Monday NQ looks ready to trend back up again on Tuesday.

To trend up, NQ would need to break above 17,800 where many stop-losses resides. If so, we can see NQ rocketing up to 18,000 or higher.

However, if NQ should trade below 17,675 we could see NQ drop down to 17,500 very quickly.