Monday, June 11, 2018

NQ Guideline For Tuesday

Ahead of the FOMC decision on Wednesday and the then ECB decision on Thursday the stock market rallied on Monday.
Image result for fomc meeting
Buy programs is going to be aggressive as we get closer to the FOMC and the ECB decision in order to create a bullish sentiment particularly as the Fed is certain to raise interest rate again, and then the ECB is expected to announce the timing of the end of their QE programs, both actions are very deflationary.
 
NQ short term support on Tuesday (September contract) is  7190, bullish above, bearish below