Last week, with the stock market artificially engineered higher for the long weekend, both the S&P 500 and the Dow rallied back up to key resistance, closing the week just below resistance.
Gong forward, a break above resistance implies a quick move back up to retest prior swing high. However, failure to clearly break back above resistance would send the market tanking back down to test the recent low.
Key resistance price zones for Dow Futures is around 25,250 and 2750 for S&P 500 Futures. NQ has broken above key resistance 6600 which now acting as support.
Tuesday's price action in the stock market could be key to the direction, up or down, of the stock market over the next weeks or so.
