After an ugly couple of weeks, the NQ has been able to recover
flawlessly above all support levels, and is looking poised to continue higher here.
If the Nasdaq can continue to hold onto 17000 in the future, expect a test of 18080-18200 in
the near future. Anything above 18500 would open the door to higher targets at
18650/19000/19200/19550 and higher.
If the NQ cannot hold onto 17000 this week, expect a move lower to test supports at
16500-15600/15250. Anything under 15250 and targets would be 15000/14750/14500/14250-14000 in the future.
flawlessly above all support levels, and is looking poised to continue higher here.
If the Nasdaq can continue to hold onto 17000 in the future, expect a test of 18080-18200 in
the near future. Anything above 18500 would open the door to higher targets at
18650/19000/19200/19550 and higher.
If the NQ cannot hold onto 17000 this week, expect a move lower to test supports at
16500-15600/15250. Anything under 15250 and targets would be 15000/14750/14500/14250-14000 in the future.