NQ opened with a gap-down and run-down to key support on Monday. Failure to clearly break down below support caused NQ to reversed and rallied into the close, closing just below key resistance.
For Tuesday, the direction of the 5-minute trend will depends on whether it will break above key resistance or break below key support. Without a clear and sustained breakout, price will continue to chop between support and resistance.
For Tuesday, the direction of the 5-minute trend will depends on whether it will break above key resistance or break below key support. Without a clear and sustained breakout, price will continue to chop between support and resistance.
Key Resistance for Tuesday is 2300, and key support is 2280.
- Above 2300 implies a move up to re-test Friday's high 2225.
- Below 2300 implies a decline down to the next support level 2230-2240.
Price action in gold is indicating that a major money-printing program is coming very soon to Europe and the US. Central banks like to engage in major gold suppression scheme just prior to initiating a major money-printing programs.
