Market traded sideways last Friday ahead of the long weekend as most traders were gone from their office, setting up a potential trending move, up or down on Tuesday, depending on where it trades in relation to key support-resistance level.
For Tuesday, key support-resistance level is 2525.
- Above 2525 has the potential to trigger a short-covering rally.
- Below 2525 may trigger a sharp sell-off to re-test last week Monday's swing low.