Sunday, June 21, 2015

NQ Guideline For Monday

A down-trending day for NQ on Friday as it pulled back down from 4550 triple-top resistance zone. Unless the Fed buyers can push NQ price back up above Friday's swing high it could continue to pullback-down to lower support zones on Monday. 

Keep in mind that the financial situation in Greece, unless the EU can agree to Greek's demand, and continue to pay Greeks bondholders, the situation can get out of control and can cause cause havoc in global financial market.

Key inflection price level for NQ on Monday will be 4505.
-- Bullish above 4505 area, bit it would need a sustained break above Friday's swing high to trigger short-covering rally. 
-- Bearish below 4505 with supports at 4475, 4465 and 4440

The next European Financial Crisis has begun
European Financial Crisis