Monday, March 4, 2024

NQ Guideline For Monday

A very large breakout day for NQ on Friday. Normally following a huge trending move like last Friday it needs a consolidation day, but not necessary because at times we can see multi-days trending move.

Key inflection price level is at 18,320, Trading above it has the potential to trigger another trending up day as the shorts are forced to cover.

Trading below 18,320 is an indication NQ is in consolidation move, with next support at 18,100.