Without any major market moving news on Monday the equity market simply traded sideways, NQ simply traded sideways in a very narrow range above 4760 support. The pattern of choppy narrow-range uptrend should continue until the market has a meaningful pullback down day or days.
Support for NQ going into Tuesday remains at 4760.
-- As long as 4760 support is not violated the next upside target is a break above Friday swing high.
-- Breaking below 4760 is an indication NQ is going into a larger pullback with lower support price level at 4735.
Global debt continues to rise exponentially as central banks money printing still remains in full swing. At the current speed, the day of reckoning is not too far away.
