Now that the Greek's referendum is over and the NO to the Troika's deal has won, the stage is set for grexit and the breakup of the European Union
The NO vote sent the global equity market downward even with the coordinated efforts by major central banks to support the markets and prevent global panic.Where the market opens on Monday will be key to determining market direction. NQ globex low was down to strong support zone between 4300 to 4340.
As long as 4300 support zone can hold on any downdraft we could see the market stabilize and then rally back up to recent high provided it can break-back above key resistance at 4470 zone.
A clear break below 4300, however, is likely to tank NQ all the ways down to 4100 support price zone.
