Trade Guideline for Tuesday (NQ)

As the debate on the US debt ceiling continues, the resultant weakening of the US dollar continues to fuel the rallies in the stock and precious metal market. The rally should continue as long as the US dollar continue to tank which fuel the market.


2420 is my key Line-in-the-Sand for NQ on Tuesday. 

• Short-covering rally should continue above 2420.
• Below 2420, we could see consolidation, with first support at 2400.