Another very narrow-range day on Tuesday but the markets has started to trend higher after the Bank of Japan announced more stimulus.
Nadsaq NQ has spiked above last week Friday's swing high in response to the BOJ announcement. If the bullish impact can continue into Wednesday morning we could have a gap-up open above Friday's swing high, causing an imbalance opening, likely to trigger a wide range day.
-- If so, and if the open is above 2860, look for a trending up day, as long as price can stay above 2860, targeting 2880 to 2900.
-- Look for a gap-reversal if it cannot stay above 2860, targeting a break below Monday's swing low. Supports are 2835-2840, 2820-2825
BOJ eases monetary policy, boosts stimulus by $128 billion
