Monday was a narrow-range consolidation day following last Friday's wide-range trending-down day.
Tuesday could either be another narrow-range consolidation day or a wide-range trending day. The key would be based on whether or not it can breakout of Monday's trading range and then stay out, or a falsebreak out of Monday's trading range.
- A sustained break above Monday's swing high could trigger a fast short-covering rally.
- A sustained break below Monday's swing low coul;d lead to another wide-range liquidation day.
- A false-breakout of the range would produce another narrow-range consoldiation day.
