NQ Guideline For Monday

After breaking below key support of 14,275, and then retested it on Wednesday NQ dropped back down to its next support level, 13,850.

One-day pullback after breaking support is an indication NQ is in fast move dowd. Overnight on Sunday night NQ has broken below 13,850.The next lower support  level is 13,750 then 13,725.

If NQ should clearly break below 13,725 support , it should quickly tank down to  March low, 13,000.

Key line-in-the-sand for NQ on Monday wil be at 13,725, bullish above it, bearish below it.

NQ Guideline For Thursday

 On Wednesday NQ bounced off support and rallied all day back into resistance.

With shortened trading week and with many traders out of the office we could see NQ trading sideways between support 13,870 and resistance 14,275. 

A sustained breakout of the 13,870-14,275 trading range could cause a trending move out of the range. On the other hand a falsebreak out of the range will results in a fast reversal

Intraday inflection price level for NQ on Thursday will be at 14,190, bullish above, bearish below it.

NQ Guideline For Wednesday

After a sharp rally to retest resistance NQ downtrend continued on Tuesday, making another lower low. It was a very large range from day high to day low.

The current downtrend is still fully intact. However, NQ day low on Tuesday was not too far above the next major support of 13,800, thus could cause a big bounce.

NQ resistance is now 14,035 and support 13,800. a fast downtrend will remain if NQ could not break above 14,035.

A sideways consolidation is likely if NQ can rally above 14,035.

NQ Guideline For Tuesday

On Monday NQ opened with a huge gap-down below strong support and as always, it trend down for the day.

With inflation reports to be released on Tuesday and expected to be very hot, the market is already trading lower after market in anticipation of a very high inflation report.

The market may open with a gap-down and then trend down for the second day in a row. Support for NQ is now at 13,680-13,780 area.

If those strong support is violated, the next lower target is the February-March low, 13,050 area.

NQ Guideline For Monday

A sideways trading action for NQ on Friday, downtrend in the morning, then rally during midday and then trend back down in the afternoon into the close.

NQ has been trading for the last three day above strong support, and it is time for NQ to either crash down below support on Monday or NQ would rally sharply as the shorts exit their shorts and reverse to long, thus likely cause a very strong rally back up into resistance zone.

On Monday key intraday line-in-the-sand for NQ will be at 14,400, bullish above it with resistances at 14,650 and 14,750, and bearish below it.with supports at 14.270, then 14,170 then 13,800

NQ Guideline For Friday

On Thursday NQ traded sideways above support then followed by a huge afternoon rally. NQ is now stuck between support at 14,250 and resistance at 14,725. Until it breaks out of the range, we could continue to see sideways price action.

With Friday tendency to be choppy and sideways trading action, NQ would need to break out of the 14,250-14,725 trading range to trend.

Key intraday inflection price level for NQ on Friday will be at 14,520, resistance is at 14,725 and support at 14,300.

NQ Guideline For Thursday

A huge opening gap-down below key support level for NQ on Wednesday. It then trend down to key supports at 14,450 before spending the rest of the day trading sideways above support.

Key support levels for NQ on Thursday will be at 14,450, then 14,350 and 14,250. These levels are very strong support, provided by prior swing high on the daily chart.

Prices from 14,250 to 14,450 are very strong support. If NQ should break below then here is no support until 13,380. 

If NQ can stay above 14,250-14,450 support zone we could either see a rally back to 14,700-14,800, or just trade sideways between support and resistance 14,720 

NQ Guideline For Wednesday

After rallying to just below the rally high of March 29th on Monday NQ sold off hard on Tuesday. Unless NQ can break-back above March 29th high, the breakout high on March 29th would be a falsebreak high.

If so, we would see massive and fast selling as many traders who bought the breakout on March 29th and the pullback low on Friday, would have to either bail or get run-over. 

Key price level to watch for going forward is March 29th high 15,268) and and the pullback low on April 01, (14,722)

A break above March 29th high (15,268) is bullish, and A break below April 01 low, 14,722 is bearish.

Key intraday price level for NQ on Wednesday is 14,855, bullish above it, bearish below it. However, NQ would need to clearly break above 14,963 to continue to rally higher.

NQ Guideline For Tuesday

After a 3-day pullback down move, NQ resumed its rally on Monday. The day high on Monday is back to  just below key resistance zone, the 200-day moving average on the daily chart.

A break will likely forced the shorts to cover, and that can cause the NQ to rocket to its next resistance zone, 15,500-15,700 for NQ.

Failure to break above resistance on Tuesday could cause a sideways action. NQ would need to break below the pullback low, below 14,722 swing low to start to run over trailing stoploss for those who has bought the pullback.

Key intra-day support for NQ on Tuesday will be at 15,065, next lower support is 14,960

NQ Guideline For Monday

A sideways trading action for NQ on Friday. It was the normal Friday trading pattern, downtrend in the morning, then reverse to uptrend in the afternoon.

Friday was the third pullback down day, which means that if the current uptrend is in fact still in progress we should see a sharp rally day on Monday.

If, on the other hand, we get another down day on Monday, it is an indication that the current rally that started on the fifteen of March, has likely ended, and indication the downtrend has started.

Key intraday inflection price level for NQ on Monday will be at 14,785, bullish above it with the next resistance at 14,970, and bearish below it with the next support at 14,670