Global markets tanked very hard after the NO vote won in the Greeks referendum, however, coordinated intervention by major central banks to support the markets managed to pushed the market up back into neutral territory by the time New York market opened.
NQ morning rally again failed to break above strong resistance at 4440 price level for the third time, as NQ sold off again testing the day low before another rounds of buy programs pushed NQ back up to near the day high.
4440 should serve as a key price level for Tuesday.
-- Staying below 4440 is bearish and could attract another round of short-selling with key support at 4370.
-- Trading above 4440 is likely to trigger some short-covering, next resistance is at 4470.
