Monday, August 26, 2024

NQ Guideline For Tuesday

A down day for NQ on Monday, the 3rd pullback day since the last high. So far, a very shallow pullback because the normal daily pullback target will take NQ down to around 19,100 or so.

However, given the strength of the current bounce, it may be sufficient for NQ to start trending back up again. On the daily chart, NQ still look like it wants to drop lower.

Key intraday inflection price level for NQ on Tuesday will be at 19,625, bullish above it, bearish below it.

NVDA earning coming up could cause a big move in the market. It may do so before the erarning announcement