Nasdaq traded sideways between key support at 2700 and key resistance at 2730 on Monday. It may be ready to make a trending move on Tuesday.
Key Level to watch on Tuesday is 2730.
-- Below 2730 implies more consolidation but a clear and sustained break below 2700 could trigger a fast liquidation decline with the next support at 2665 area.
-- Above 2730 implies pullback has ended and the next trending leg up is in progress with the first target at 2747 area.
Currency War Continues To Intensify
Currency War Continues To Intensify
