Some type of deal has been reached by the EU regarding Cyprus bank bailout, but it still has to be voted by the Cyprus parliament.
Central banks are busy at work tonight supporting the equity market in Asia and Europe inorder to prevent stock market collapse. How successful will they be only time will tell, but events in Cyprus should continue to dominate the market on Monday.
Key Level For NQ on Monday is 2805 - 2810 resistance.
-- A sustained break above 2805-2810 could trigger a short-covering rally, with the next resistance and target at 2830.
-- Below key level implies NQ is going back down, first support is 2780, then 2755.
NQ 5-Minute Chart
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