Ahead of the G20 summit in Japan this weekend, the stock market traded sideways in a very narrow trading range as many traders wanted to know if there is going to be a trade deal agreed between The US and Chinese President.
There is not going to be a trade deal between China and the US this weekend, but that does not mean the market may go up next week if the Fed would intervene aggressively to support the stock market, as in the short term the market can easily get manipulated.
On Friday the market may continue to trade sideways in a very narrow trading range. Key inflection price level for NQ on Monday will be 7675, bullish above, bearish below.
