On Friday, NQ rallied into the bottom later of strong resistance zone on the daily and weekly chart, the area between 20,500 to 21,000. This resistance price zone is very strong, NQ may need to pullback down from it before attempting to break through.
This resistance zone may be where the current rally stop and the next sell-off begin. Trump tariff war is probing to be very costly to american companies. As their earning begin to drop sharply their stock price would follow.
Key intraday support is at 20,000. A break below could tank NQ down to 19,680. If that does not hold, next support is at 19,200.
