Monday, February 12, 2024

NQ Guideline For Tuesday

A reversal day for NQ on Monday, started with morning rally then reversed in the afternoon with a close at the low of the day, making Monday a reversal day on the daily chart.

Is it going to be a 1-day reversal and then the rally continues, or is it going to be a multi-day decline?. Only time will tell.

Key inflection price level for NQ on Tuesday will be at 18,000, bullish above it, bearish below it with supports at 17,870-17,900, then 17,760-17,800.