Market consolidated inside a narrow trading range all day on Monday. It could continue to consolidate on Tuesday unless it can break below key support, 2595 for NQ.
ES VAH = 1346.50 NQ VAH = 2604
ES POC = 1344.50 NQ POC = 2601
ESA VAL = 1342 NQ VAL = 2594
Key Level For NQ on Tuesday is 2595.
- Above 2595 implies it is still in consolidation mode with resistance at 2610 and 2625.
- Below 2595 implies a potential fast trend down to support zone 2560-2570. However, on a strong momentum move, it could go lower breaking support.
