- NQ is currently trading within a support zone where bulls could go long.
- Profit target levels are as high as all-time highs.
- Possible scenarios if price is unable to remain above the current level.
Bulls Are Ready
The bulls are ready to pounce as NQ trades within the support zone at $14,800. This is the most significant zone on the chart at the moment, and a bounce from here could mark the opportunity to go long.
In this week’s analysis of NQ, we are going to keep it short and simple.
We are bullish above $14,581.50 and bearish below it.
At current prices ($14,825), we could look for long trades with stop losses below $14,581.50.
In terms of looking for levels to exit on the long side, $15,600 would be the most immediate level. After that, all-time highs of $16,628 come into focus.