A trending-up reversal day for NQ on Monday, started with a huge gap-down open followed by all day rally. Normally this should be followed by a consolidation day, trading between 19,600 and 19,200 support.
Only a break above 19,600 or a break below 19,200 could change the above pattern. Anything is possible as Trump tariff approaches. It will all depends on what Trump says
A very large trending-down day for NQ and the genera; equity market on Friday. With Trump tariff schedule to be in place on April 02, we could see huge selling activities on Monday.
Key level to watch is at 19,200, bullish above it, but extremely bearish below it.
First support is at 18,700 then 18,450. These zones are strong support but with the tariff scare looming, these support may not hold as massive selling may just crash through it.
A sideways consolidation pattern for NQ on Thursday following a large down-trending day on Wednesday. With Friday's tendency to trade sideways we could see NQ trading sideways again on Friday, then trend again on Monday.
Key price level for NQ on Friday will be at 20,000 support.
A sustained break below 20,000 could start to trigger liquidation decline. If so we could see NQ dropping down to the next support level, a double-bottom support with March 11th and 13th swing low.
Both on the 60-minute chart and the daily chart NQ looks ready to tank. However, it may have to wait until Monday next week.
NQ sold off hard on Wednesday after not being able to break above strong resistance from a combination of its 200-day moving average on the daily chart and prior swing low from November 15-24, 2024 now resistance.
It is possible to have another downtrending day again on Thursday if NQ can break below key support 20,000.
If 20,000 should hold on Thursday we could see choppy sideways consolidation action on Thursday.
A narrow range sideways trading action for NQ on Tuesday. The pattern looks bullish on the shorter time frame, and ready to trend up on Wednesday but on the daily chart NQ looks toppy and ready to trend down on Wednesday.
As such we will look for key price level, which on Wednesday will be at 20,500, bullish above, with the next resistance at 21,000.
Bearish below itwith first support at 20,100
A huge opening gap-up for NQ on Monday followed by a narrow-range sideways pattern as shorts were forced to cover..
With such a huge gap-up open we could see Tuesday as a sideways pattern. The upside target is now at 21,000, as long as NQ remains above 20,000 support.
Now that the tripple withching options expirations is over we can easily see the market starts to trend again, either up or down, depending on where it trades in relation to ket technical price leve.
For NQ that key price level is 20,100. Trading above 20,100 will target a fast move to 21,000 dues to short-covering.
If NQ instead, starts trading baxk below 19,770, we should see a resumption of selling.
Ahead of Trippe-Witching Options Expiration on Friday, NQ traded sideways between 20,100 resistance and 20,750 support
Friday is likely more of the same, more of a choppy sideways pattern if the institutions who sold those options have their ways, which is very likely.
There was a small rally after the FOMC policy announcement that spiked NQ slightly above its key resistance 20,100, likely from investors closing their hedges. However, NQ dropped back and close below 20,100
As long as NQ remains below 20,100 NQ remains bearish.
On Thursday if NQ can break and push higher above 20,100 we could see sharp short-covering rally. The next strong resistance is not until 21,000, that's a 900 points move, which could take 2 to 3 days to get there.
A sideways trading pattern for NQ on Tuesday ahead of the FOMC policy announcement on Wednesday..
With the close in the middle of the trading range, we copuld continue to see NQ trading sideways in side the range on Wednesday
Trading range, 19,200 support and 20,000 resistance.
A slight bullish day for NQ on Monday. The market may have to wait for the FOMC decision on Wednesday before investors makes their big decision. As such, NQ may be stuck between 19,200 support and 20,000-20,100 key resistance.
On the intraday time frame, key inflection price level for NQ will be at 19,800, bullish above it, bearish below it.
NQ has been trading sideways below 20,000 previously key support, now key resistance after the break.
With FOMC meeting this week, NQ may have to wait for the announcement before moving away from the range, 19,200-20,000.However, anything is always possible. A sustained break below 19,200 would trigger another round is selling. The next support is not until 18,500-18,700
First intraday resistance for NQ on Monday is at 19,770, then 20,000-20,100
A down day for NQ on Thursday. The low of the day was just slightly below its recent low, Tuesday low, thus establishing a continuation of a bearish trend.
Friday could be tricky, as anything is possible. The market could rally on profit-taking ahead of the weekend, the market could simply trade sideways, or the market could tank if NQ breaks below Thursday low and trigger another rounds of liquidation.
Key intraday inflection price level for NQ is at Thursday swing lw.
A sustained break could tank NQ down to its next support level, 18,500-18,700.
If NQ remains above Thursday swing hyigh we could see either a sideways trading pattern or a rally as the shorts take profit.
Wednesday was day 2 consolidation day. If the downtrend is still in fast mode Thursday should be a large down day. To do so NQ should break below Monday swing low and tank. Support is still at 18,500-18,700.
Overnight NQ has already showing weakness. Key resistance is still at 20,000. NQ needs to break above 20,000 to trigger a large profit-taking short-covering rally.
NQ traded sideways in a consolidation pattern on Tuesday. Major support is still far lower, between 18,500-18,700.
NQ may need to drop down to that support zone before we could see a multi-day pullback up moves. If so, then NQ should tank again on Wednesday.
Key price level to trigger a multi-day rally is 20,000. NQ would need to trade above and stay above 20,000 to trigger a big counter-trend rally.
A big opening gap-down and trend down day for NQ on Monday. There was a small profit-taking rally at the end of the day.
With NQ in extreme oversold zone on the daily, 60-minute and 5-minute time frame, is there a brief consolidation day coming before tanking again? we just have to watch price levels. The next major support is between 18,500-18,700 price zone.
On the intraday time frame, key inflection price level is at 19,500, bullish above, with the next higher resistance at 19,900-20,000, and continue bearish below it.
Two weeks of relentless selling sparked by President Trump economic policies, particularly the tariff war with the rest of the world has brought NQ down over 11% from its record high, that's over 2,500 NQ points.
Last week low was at strong support, a combination of prior pivot high and its 50-day moving average on the weekly chart. As as result, this week we could see massive 2 to 3 day rally, 1,000 NQ points, to relieve the oversold condition and to re-test broken support - now resistance at 21,000 price level before dropping back down.
To do so it has to stay above 20,000 price level. A sustained break below it is an indication of a more serious problem, and would trigger another round of liquidation selling, targeting the next support level, 18,500.
On the intraday time frame, 20,200 is key inflection price level, bullish above it, bearish below it, with key intraday support at 20,000
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