Sunday, May 5, 2024

NQ Guideline For Monday

A huge gap-up open for NQ on Friday following a very dovish Fed announcement on Wednesday and the returns of the stock buy-backs programs.

Will the market continue to rally on Monday or pullback down, will depends on where it trades in relation to its intraday support-resistance zone, 18,000, bullish above, with the next resistance at 18,100 then 18,200

Bearish below 18,000 with lower supports at 17,900 and 17,800.