Sunday, June 1, 2025

NQ Guideline For Monday

Friday was a sideways trading pattern, starting with a sharp decline in the morning, down to just above key support, 21,000, then sharp rally in the afternoon back to key resistance, 21,450.

We could see a larger move on Monday, key inflection price level will be at 21,350, bullish aboveit, bearish below it.

Key breakout resistance is at 21,450, key breakdown support is at 21,000. A sustained break below 21,000 ccould quickly tank NQ down to 20,500..

NQ would need a market-moving news to break out of the 21,000-21,570 trading range