Monday, March 4, 2024

NQ Guideline For Tuesday

A consolidation day for NQ on Monday following a massive rally on Friday. This type of high momentum rally usually only require a one day pause/consolidation as the trend resumes after a one-day pause. 

If so NQ should rally back up on Tuesday. To do so NQ should break back above 18,330 on Tuesday and push higher.

Key inflection price level for NQ on Tuesday is at 18,240, bullish above, bearish below with strong support at 18,100, a critical support.

Should 18,100 gets violated the next support is not until 17,900.