Sunday, August 30, 2015

Guideline For Monday

NQ traded sideways between 4275 support and 4335 resistance on Friday setting up a big move on Monday, the direction of the move will depends on where it trades in relation to the 4275-4335 trading range after the open.

If the Chinese market sell-off in early Asian trading on Monday continue all day look for the US market to get dragged down.

Key price zone for NQ remains between 4275 - 4335, bullish above and bearish below it.

Credit Market - Long-term Chart