NQ opened with a gap-down below inflection price level. Although buy programs was able to push NQ back up above 6305 inflection price level it failed to trigger any buying and Nq simply traded sideways in a choppy narrow range trading action.
The momentum of the current uptrend is starting to slow down, and NQ may be ready to drop back down before pushing back up again.
Key support for Tuesday trading will be 6305.
-- Breaking back below 6305 could trigger some selling with the next immediate support at 6285 then 6275.
-- They may be able to rally NQ back up to test the recent high if NQ can remain above 6305.
General Electric GE shares price continued to tank on Monday. GE share price is a leading indicator for the stock market.
