The market opened inside prior day trading range, and stayed inside prior day range, a sideways consolidation an inside day, setting up either for another pullback day, if it can clearly stays above key inflection price level, or a resumption of the downtrend if it clearly trades below the inflection price level.
Key inflection price level for NQ on Tuesday is 3470 and for ES it will be 1822.
-- Resistance are 3500 for NQ and 1834 for ES.
-- Supports are 3375-3400 for NQ and 1775-1785 for ES
The military and economic conflict between the United States and Russia over Ukraine is intensifying, and things can get out of hand very quickly. It will continue to be a major influence on the markets.
