No economic announcements

Looking at the economic calendar for Tuesday, there isn’t going to be much to move the markets. With this, we believe that the markets will more or less have to follow the momentum that has built up in the various financial instruments.

NASDAQ finds support at 4300

The NASDAQ initially fell during the course of the day on Monday, but found enough support at the 4300 level again to turn things back around and show resiliency. With this, we believe that pullbacks offer call buying opportunities as we should eventually go much higher. With this, we believe that the market will eventually trying to reach towards the 4500 level.

USD/CHF shows resiliency

The USD/CHF pair initially fell during the day on Monday, but turned back around to form a fairly supportive looking candle. With this, the 0.97 level seems to attract attention, but if we can break above the top of the range for the day on Monday, we believe that this market will then reach towards the 0.98 level and offer a call buying opportunity.

WTI Crude Oil seems to be consolidating

The oil market had a positive move during the day on Monday, but we remain within the consolidation area with the $44 level to offer support, and the $48 level is resistance. With this, we believe that short-term pullbacks will offer call buying opportunities and that the market is trying to break out to the upside eventually, but that of course is going to take a significant amount of momentum building to do so.