Sunday, December 22, 2024

NQ Guideline For Monday

As usual, a sideways price action for NQ on Friday, with rally in the morning and choppy downswing in the afternoon.

On the 5-minute chart and the 60-minute chart, the pattern looks like it is setting up for another rally leg on Monday, depending on where it trades in relation to it inflection price level, 21,650, bullish above, bearish below it.

With most large traders and investors out of the office for the Christmas holidays we could se another non-trending day on Monday.