High-Probability Large-Profit Trading Strategies for trading stocks, etf, forex, futures, options, commodities, etc.
Another narrow-range choppy sideways trading pattern for NQ on Tuesday. A gap-up did not trigger any buying or short-covering because everyone has bought. NQ is in deep overbought zone on the short-tern and long term time-frame.
As such, the market may need some pullback down days before it can rally and trend up again.
Key intraday support for NQ is at 20,590. A clear and sustained break may be able to cause a big drop. Trading above 20,590 implies more choppy price action.
The information provided here is for education and general informational purposes only and should not be considered an individualized recommendation or personalized investment advice.
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.
All expressions of opinion are subject to change without notice in reaction to shifting market conditions. Data contained herein from third-party providers is obtained from what are considered reliable sources. However, its accuracy, completeness or reliability cannot be guaranteed.
Examples provided are for illustrative educational (or "informational") purposes only and not intended to be reflective of results you can expect to achieve.
