The equity market rally hard on Friday ahead of the long 4th of July weekend. With most traders back on Tuesday the direction of the market would depends on what the Fed is going to do with the monetary policy.
With Europe and Asia on their next round of quantitative easing program the Fed would have to do something to prevent the US dollar from breaking out to the upside. A breakout could trigger global stock market selloff, definitely something the Fed would want to prevent.
All major stock indices are set continue to rally but a US dollar breakout could spoil the party. Key support for NQ on Tuesday will be 4400. Rally should continue above 4400.
Helicopter Money?
