Tuesday, January 26, 2016

NQ Guideline For Wednesday

Another sideways consolidation day in the market on Tuesday, with NQ continuing to trade above 4190-4200 key price inflection level.
 
NQ would need a convincing break below 4190 to trigger another round of selling. As long as NQ can stay above 4190, it is either continuing to trade sideways or rally.
 
The price of crude oil should remains the main influence on the direction of the stock market.
 
Here's the current market selloff compares to other previous bear markets.