NQ Guideline For Monday

On Friday, the market opened with a gap-up and pushed up above key resistance at 12,250 for NQ, which forced the shorts to cover. NQ quickly spiked to just below the next resistance before trading sideways until into the closing period.

NQ intraday resistance for Monday is at 12,500 and support at 12,125.. Above 12,500 should trigger more short-covering with the next higher resistance levels at 12,700 and then 12,800. Trading below 12,125 support could tank NQ down to 11,700 support.

Staying inside the 12,125-12,500 trading range would imply a sideways consolidation pattern.

NQ Guideline For Friday

Following a large trend-down day on Wednesday NQ traded sideways in a consolidation pattern on Thursday.

With NQ in oversold zone on the daily chart on Thursday it is possible we could see a trend up short-covering day on Friday, However, with so much selling pressure in the market we could see a possible sideways market or a down-trending market.

Key inflection price zone for NQ on Friday will be at 11,825, with key resistance at 12,125, then 12,500. NQ is berish below 11,825.

NQ Guideline For Thursday

After consolidating sideways in the morning on Wednesday NQ eventually resume its downtrend. NQ continued to crash below strong support, an indication there are lots of selling.

The market is in oversold zone, even so, there is so much liquidation selling going on that the market can continue to get more oversold.

Key intraday price level for NQ on Thursday will be at 12,150. NQ is in extreme bearish mode below 12,150. 

Trading back above 12,150 would reduce sone selling pressure. Resistances are 12,300 then 12,550.

NQ Guideline For Wednesday

After a trending down day for NQ on Monday, NQ consolidated and trade sideways on Tuesday, down in the morning, then rally during lunch and then down again in the afternoon into the close.

NQ closed in the middle of the day range on Tuesday, a neutral close, awaiting the CPI reports on Wednesday. A reports that could move NQ to the next level, upward or downward.

Key level to watch on Wednesday will be at 12,150 support and 12,550 resistance. If NQ should break out of the 12,150-12,550 range, look for either a trending break (up or down), or a fast false-break reversal

NQ Guideline For Tuesday

After trading sideways on Friday, NQ opened with a gap-down and then trend down all day on Monday, a down trending day for NQ.

Monday was the third consecutive down day for NQ, and it is possible NQ may need to consolidate the large 3-day drop on Tuesday. However, to do so, NQ would need to trade above 12,300, key intraday line-in-the-sand level for NQ on Tuesday.

Trading above 12,300 could cause a profit-taking and short-covering rally on Tuesday with resistances around 12,700-12,850 zone.

Trading back below 12,300 is likely for trigger another trend down day, particularly if NQ can break and stay below Monday's swing low., with 11,800 as potential support level.

NQ Guideline For Monday

Following a large down-trending day on Thursday NQ consolidate the sell-off on Friday, trading just sideways all day long. 

NQ may be ready to trend again on Monday, and the direction of the trend wil depends trades in relation to its key intraday line-in-he-sand, which on Monday will be at 12,700.

Staying above 12,700 should reduce the selling pressure. If so, we could see NQ rallying up to 12,900-13,00 resistance zone. 

Below 13,700 NQ is bearish but it needs a sustained break below Fridy low to trigger another round of heavy selling.

NQ Guideline For Friday

A huge down day for NQ on Thursday. Whether or not NQ may need to pause to consolidate the sell-off after a huge Thursday sell-off, we just have to see.

NQ may pause and consolidate the huge decline, or simply trend down again just like so many recent Fridays.

Key price level for NQ on Friday will be at 12,700. Sideways consolidation or huge rally if NQ can stay above 12,700, or large sell-off if NQ should break below 12,700 and stay below it. Next lower support is 12,000

NQ Guideline For Thursday

Now that the Fed meeting is out of the way the market can now trend for a while. It seems that because the market was primed for a very hawkish Fed, and when the Fed announcement was not very hawkish the shorts started to cover, rocketing the market into key resistance, 13,500.

It seems likely the market is going to continue to rally into the weekend due to short-covering with so many shorts trapped and has to cover if the market continue to go higher.. However, the the short-covering is completed we could see the resumption of the bear market.

Thus, key price level for NQ on Thursday will be at 13,500 resistance, which will serve as key line-in-the-sand for NQ on Thursday.

If NQ can stay above 13,500 after the open on Thursday we could easily see short-covering rally that can rocket NQ up to the next resistance at 13,800 area.

If, for whatever reason, NQ should sell-off on Thursday, supports are between  13,200-13,250

With dovish Fed, inflation, gold and commodities should rally, US$ should starts to decline.

The Fed may walk back their Wednesday comment, if so, sell-off may resume right away.

FOMC Day - NQ Guideline For Wednesday

It's a very important and market-moving FOMC decision day on Wednesday. The very important information to read from the Fed on Wednesday will be the following:

1. How much will the Fed raise it key short-term Fed fund interest rate., and what are they planning to do for the rest of the year, how much increase and how fast..

2. Will the Fed finally announce the starts of QT, or will the Fed just talk to bluff the market participants. This is very important going forward.

A very hawkish Fed will tank the stock market, which should also crash precious metals, bonds, commodities and cryptos

A not so hawkish Fed will rocket the stock market, which should also rocket inflation, precious metals, bonds, commodities and cryptos

For NQ, key price level to watch for will be 13,250 for breakout to the upside, and 12,800 for key support for a break to the downside.

The reaction to the Fed decision on Wednesday should cause the market to trend upward, or downward for the next one to two weeks.

NQ Guideline For Tuesday

After making a lower low NQ finally rallied from oversold condition starting late afternoon as traders and investors took profit ahead of the FOMC policy announcement on Wednesday..

The market may remain volatile and non-trending as traders and investors took  may wait for the FOMC decision to take their trading and investment decision.

Key intraday line-in-the-sand for NQ will be at 13,060, bullish above, with resistances at 13,250 and 13,525, bearish below it with key support at Monday swing low, 12,708