NQ Guideline For Tuesday

Tuesday will be the first trading day of 2024. As such anything is possible.

Key resistant e is now 17,100, bullish above it, and bearish below it.

Happy New Year 2024

Friday will be the last trading day for the year 2023. Anything is possible but expect not much happening as most investors are out fo the office.

NQ Guideline For Thursday

With most investors out of the office, and without any major market-moving news, we can expect the market to continue to rally into the year end.

NQ Guideline For Wednesday

Not much happened  on Tuesday as most investors are out of the office. Without any market-moving news, we could expect the same type of activities on Wednesday.

NQ Guideline For Tuesday

Now that Christmas is over but most traders and investors are going to be out of the office until after the new year. As such we could continue to see low volume activities, and without any unexpected sell programs, the stock market should continue to go higher.

Technical pattern on the daily chart is looking very bullish, but the very overbought condition can cause sharp and unexpected selloff.

Intraday inflection price zone for NQ on Tuesday is at 16,990, bullish above it, bearish below it.

NQ Guideline For Friday

Buyer came back on Thursday pushing the market up. Friday, the last trading day before Christmas could either be a narrow range choppy day or it could be a wild traading day, anything is possible.

NQ intraday inflection price level is at 16,950 bullish above it and bearish below it.

NQ Guideline For Thursday

Massive sell programs hit the stock market in the afternoon. It tanked the market hard as there was not much trading happening because of the upcoming Christmas holidays.

With most traders have gone home for the Christmas holidays we should continue to see lighter and lighter trading volume. As such, vulnerable to market manipulation, like what happened on Wednesday.

Key intraday inflection price level for NQ on Thursday will be at 16,850, bulosh above ot, bearish below it.

NQ Guideline For Tuesday

A narrow range bullish day for NQ on Tuesday as it continue to melt-up. NQ is now in very overbought condition on the daily chart. 

However, with many of the funds in FOMO mood going into the year end, the stock market can continue to go up and up without much pullback.

NQ Guideline For Tuesday

Chart pattern on the daily chart is very bullish. As such NQ could still continue to trend up on Tuesday.

On the 5-minute chart, NQ seems ready to consolidate and trend down to support before going back up again.

However, key to Tuesday trading ia where NQ would trade soon after the open on Thursday, in relation to its inflection price level, which on Tuesday will be at 16,940, bullish above it, and implies more down move to support, 16,850 before bouncing back up.

NQ Guideline For Monday

As expected, Friday was a sideways consolidation day with the close in the middle of the range, a neutral close.

The pattern on the daily chart is very bullish as such we could see a trend up day on Monday. However, the pattern on the 60-minute chart is indicating a down day on Monday.

Key intraday inflection price level is at 16,825, bullish above it, indication of a potential trend up day, and bearish below it with key support at 16,770