Massive buy programs was triggered ahead of the FOMC meeting on Tuesday/Wednesday. NQ opened above key support price level on Monday, then rallied all day closing at the high of the day, suggesting.
They may just let the equity market just traded sideways on Tuesday, but we must not forget the fact that they could easily trigger another massive buying binge on Tuesday.
Key support going in to Tuesday trading session is 6385.
-- As long as selling in NQ does not cause a breach of 6385, NQ should either trade sideways or rally to another higher high before selling come back in..
-- NQ needs to break below 6385 for more selling to come in.
The Chicago Board of Options Exchange started trading a bitcoin derivative contract on Sunday evening. Bitcoin futures contracts opened just above US$15,000 but closed Monday at $18,545 US.
