The stock market traded sideways again on Monday, still trading between 50-dma support and the 20-dma resistance on the daily chart.
Dow futures open more than 100 points lower after North Korea fires missile over Japan. U.S. stock index futures pointed to a lower open on Tuesday following the news.
Key price levels to watch for on Tuesday on NQ will be 5825 support and 5870 résistance.
- A sustained break out of the range is likely to trigger a fast trending move out of the range, especially is the break is to the downside.
NQ has traded below support in after hours trading. Unless the Fed can engineered massive buy programs before the open on Tuesday the market is set to sell off hard.
