High-Probability Large-Profit Trading Strategies for trading stocks, etf, forex, futures, options, commodities, etc.
A sideways consolidation pattern for NQ on Monday, which is normal following a huge trending down day on Friday.
Since Monday could be considered as a second pullback day we should see NQ rally on Tuesday or at least st attempt to rally. If so NQ should trade back above 18,275 key inflection price level with key resistance at 18,400.
A break above 18,400 should trigger more short-covering with the next higher resistance at 18,600.
NQ is bearish below 18,275, first support is 18,100.
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The investment strategies mentioned here may not be suitable for everyone. Each trader or investor needs to review an investment and trading strategy for his or her own particular situation before making any investment and trading decision.
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