Monday, April 7, 2025

NQ Guideline For Tuesday

A very wide-range sideways consolidation pattern for NQ on Monday. The closing price was in the middle of the range, a neutral close.

With the market still in unbalance stae due to Trump tariff policy anything is possible. With such a powerful selling momentum the market should move again on Tuesday, downward to continue the trend or upward to relief the oversold selling pressure.

Key resistance is 17,800, bullish above , strong resistance at 19,200. 

Key support is at  17,150, bearish below it with the next support at 16,000.