Following a strong stock market selloff on Thursday the market consolidated sideways on Friday as NQ and YM bounced off support at their respective 50-day moving average on the daily chart.
Going forward, with the S&P 500 clearly has broken below its 50-day moving average support on the daily chart, a clear break below the 50-DMA by both the YM and NQ should tanks the stock market hard, next support for NQ is at 5700.
With solar eclipse occurring on Monday which greatly affect the mood of the people don't be surprise if we get unexpected powerful stock market moves, either upward or downward
