Sunday, August 18, 2024

NQ Guideline For Monday

Friday was the 7th consecutive up-day with the high of the day at strong overhead resistance on the daily chart. As such we could see some profit-taking pullback that may last one to two days with key support at 18,890.

NQ would need to clearly break above 19,675 zone to trigger another round of short-covering. 

Key intraday inflection price level for NQ is at 19,575, bullish above it, bearish below it with key support at 19,470.