Monday, February 26, 2024

NQ Guideline For Tuesday

A very choppy and narrow range type of day on Monday, day two of consolidation following an extremely huge gap-up and rally up on Thursday.

Tuesday being day three of the current pullback, if the current rally is to continue, it should rally on Tuesday. Failure to do so is an indication NQ is going into a larger pullback with the first downside target at 17,800 support.

Key intraday support for NQ on Tuesday is at 17,960. A sustained break below that level is bearish, and the next support is at 17,800