Monday, May 6, 2024

NQ Guideline For Tuesday

A very narrow-range uptrend day for NQ on Monday as NQ is now in overbought zone on the 5-minute chart.

Key price level to watch for on Tuesday is at 18,200 as resistance, bullish above it with the next resistance at 18,400.

Trading below it is an indication NQ is going into a consolidation mode, first support is at 18,100, key support is 18,000.