Monday, September 9, 2024

NQ Guideline For Tuesday

A sideways consolidation pattern for NQ on Monday following a huge trending-down day last week Friday. At the end of the day NQ close just slightly above key intraday inflection price zone, 18656 for trading on Tuesday.

For Tuesday, if consolidation has ended, we could see a huge rally, if NQ could trade above Monday swing high, and trigger short-covering. If so the first resistance ia at 18,840 then 19,300

Or NQ could tank again if it can trade below Friday low. If so the next support is at 17,945, but the downside target which may take another 2 to 3 days to get yo , is at 16,490