NQ broke below key inflection price level of 5950 on Friday soon after the open, then spent the rest of the day trending down to just above 5900 supports where it closed for the day.
With Monday as the anniversary of the nine eleven attack on the WTC, the Fed is already busy at work with the buy program, overnight NQ has traded already traded above key inflection price level of 5950.
5950 will again be Mondays key inflection price level
-- If NQ can stay above 5950 on Monday selling should remains under control. Concerns about the negative impact of the 9-11 anniversary n Monday should keep the Fed buy programs active. It does not mean that the stock market should stay up. Resistances are 5980 then 6000.
-- Supports below 5950 are 5900 then 5880 as previous swing high.
