On Monday, President Trump first day as President, the stock market still continued to traded sideways in a choppy narrow range trading pattern. Without buyers with most funds and investors already mostly long the market, with no one bailing out of their long position yet, the market could continue to chop around.
However, with China as the main target of President Trump economic policy, we could expect China to take the first offensive financial move by devaluing its currency to cause the United States stock market to crash.
On the short term 5-minute time frame key balance price level for NQ on Tuesday will be 5055, first resistance is 5075 and first support is 5030.
