NQ hits key resistance area and stalls.
A look at the quarterly chart show us hitting key overhead resistance. If we burst through 14630, I’d look for confirmation of this turning into support and our first target going long is 14800-14840.
Our second target is the next key resistance at 15200.
That would confirm the next range of 14630-15200.
Bearish scenario we reject off 14630, look for support at 14420-14440. If it fails 14360 is our next bear target.
Our second target is the next key resistance at 15200.
That would confirm the next range of 14630-15200.
Bearish scenario we reject off 14630, look for support at 14420-14440. If it fails 14360 is our next bear target.