Financial Market Guideline For Wednesday

With the crude oil price manipulated down over the long weekend the equity market traded up overnight on Monday night and continued into the regular trading day.

With the war heating up in Iran that would push the crude oil price up again we could see massive stock market sell-off, and also sell-off in the precious metal market and the bond market.

Crude Oil Versus NQ -- Inverse Relationship

The war between NATO and Russia is also going to heat up very dramatically, it could also cause massive sell-off in financial market.

Crude Oil Versus Gold -- Inverse relationship

Trading Guideline For Friday

A slight bullish day for the equity market on Thursday with NQ making another higher -high before trading sideways.

Overnight, the market has been selling off, with crude oil ralling, likely indicating that once President Trump returns from China, he's going to start bombing again. As such the selling in the equity market is likely to continue into the trading day on Friday.

Major NQ supports are very far away down, but the first minor support is at 29,200 then 29,000.

NQ with overnight globex trading data versus crude oil, WTI

Crude oil WTI versus gold

NQ Guideline For Tuesday

On the longer term time-frma, NQ is still in bullish breakout mode.

While NQ is in breakout trending mode, and in deep overbought zone on the daily and 60 minute chart, on the 5-minute time-frame, at the end of Monday trading NQ looks ready to pullback down.

Key intraday inflection price zone for NQ on Tuesday will be at 29,390, bullish above it, bearish below it.

Fir support is at 29,300 then then 289,200 and if that breaks, then the next lower support is 28,940

Market Guideline For Monday

With several major equity indices either approaching either overbought zone on the weekly chart and the Dow approaching double-top resistance we could see the market rally stops for a pullback, especially so if Crude Oil price starts to rally, which it is now showing that the rally going to continue.

Monday Guideline For Financial Market

Short-covering contained all week last week pushing the S&P 500, Nasday 100 and Russell into breakout mode, we could see a faster rally if they can stay above breakout mode.

The indices are in deep overbought zone on the daily chart. As such, once the short-covering is complete we could then see sharp reversal back down.

Key support for NQ is now at 26,300, for S&P 500 it is at 6,900 and for Russell it is at 2,700. Bullish above, bearish below.

My Trading Guideline For Monday

The market rallied on Friday as a result of declining crude oil prices as market participants overwhelming believe that the middle east war is ending. However, the reality is different. The war is far from over and that crude oil price can spike back up at anytime.

The shooting is set to restart on Tuesday. What Trump decide can influence the market in a dramatic way and it is not possible to guess what that may be, however, key to market direction is the crude oil prices, WTI key price level for Monday will be at US$90,

Crude oil spiking above $90 will crash the market , below $90 could rally the market or just cause a sideways price action now that the equity market is already in extreme overbought on the daily chart..

My Trading Guideline For Wednesday

Equity markets continued to rally on Tuesday and crude oil prices contused to sold-off on Tuesday pricing in a de-escalation of war between the american and Iranian.

If the situation continues on Wednesday we could see another rally in equity, although the equity market is already in deep overbought on the daily chart, and vulnerable to sharp sell-off. 

NQ nest resistance is at 26,300.

Crude oil could continue to sell-off with WTI support level at 80 to 82.

Gold is pulling back down to support at 4,800, dropping from below strong resistance at 5,000.

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NQ Guideline For Monday

Ahead of President Trump deal deadline with Iran, Tuesday evening, we could see crude oil price staying at elevated level which is bearish for the stock market.

With all major indices setting up a bullish pattern on the daily chart timeframe, as long as crude oil price does not spike, we could se a bullish day for the stock market on Monday.

A spike in crude oil price could cause the stock market to turn bearish.

Key resistance for NQ is 24,300, bullish above it, next resistance is at 24.800, and bearish below it.

Market Guideline For Tuesday

President Donald Trump panicked on before the market opened on Monday as global market was set to crash as crude oil prices spikes because of his war ultimatum given to Iran. 

He announce an extension to his 48 hours ultimatum and he collapse the crude oil price and the collapse was delayed,

Depending on what happended to crude oil price we could see a continual rally on Tuesday or a collapse if  crude oil price spikes again.

Most major indices are at or near key support level, and could have a large bounce if Crude Oil price could continue to go lower

Market Updates

As the war between United States and Iran intensifies the financial markets will continue to get volatile. Financial market is selling off hard and crude oil is skyrocketing.

natural trend is pushing the markets down while the Us government is going to pump in as much liquidity to support the financial market, thus creating wild swing.

For NQ key support is 24,000. Should 24,000 be violated the next lower support is not until 22,400. At the current speed NQ could drop down to that support level in one day

NQ Guideline For Friday

NQ Continue to trade sideways inside a large trading range between 24,000 support and 26,400 resistance. Thats a 2,400 points trading range, with its price inflection level at 25,400., bullish above it, and bearish below it.

For Friday, intraday support is at 24,800, and intraday resistance at 25,100. A break out of the range could trigger a 300 to 400 points move out of the range. 

NQ Guideline For Tuesday

NQ sold-off hard in the morning but then traded sideways the rest of the day. Depending on where it opens on Tuesday we could see a sideways range day or another sell-off day of NQ should break below Monday swing low and tank.

On the daily chart, resistance is at 25,100 and support is at 24,100, a 1,000 point trading range.

On the 5-minute intraday chart, key price inflection level is at 24,830, bullish above with upside target at 25,100

Bearish below it with first support at Monday swing low, 24,660..

NQ Guideline For Monday

NQ has been trading sieways for th last 5 trading days but looks ready to sell-off again on Monday

Ket support for NQ on Monday will be at 24,890. A break below will tank NQ down to the next support level at 24,550.

Overnight, the financial market looks bearish. If the bearish ness should continue into the open we are likely to see sell-off.

Watch 24,890 level, bearish below it bullish above it.

NQ Guideline For Thursday

A sideways choppy market on Wednesday with NQ trending up in the morning and then trend down in the afternoon.

On the daily chart and the 60-minute chart, NQ looks bullish and could rally up to resistance at 25,400-25,500

For NQ to be bullish it has to stay above yey support is at 24,890. A clear break is an indication NQ is going back down to 24,000 support.

NQ Futures Chart

NQ, Gold & Silver Guideline For Monday

With so many banks on the verge of collapse due to their massive loses losses from their short positions  agains a parabolic metals moves to the upside, a massive coordinated attack by the banks and exchanges triggered a cascade of selling that tanked the metal market on Friday.

With so many leverage plaertys that are long the market in deep losing position, failure to top up their margin call due at the opening bell on Monday could cause another day of massive crash in the metal market. It would also affect overall liquidity in the financial market, certain to trigger a massive bearish overall market on Monday.

Look for potential crash as market participants are forced to sell what they can to balance their portfolio. I am expecting a very bearish market on Monday if the precious metal are not able to bounce sharply.

Major support are $3,500 - $3,900 for gold and $35 - $54 for silver

NQ Guideeline For Monday

Precious Metals and base metals is the beneficiary of the current volatile geopolitical risk.

Fir the USA invaded Venezuela and threaten to invade Cuba, Panama and Mexico. Then the USA is going to annex Greenland.

Russia is firing a warning to the Western European who are so eager to go to war with Russia. The European are ggoing bankrupt and they think that war will be good for their economy. What they don't know is that the conflict is going to nuclear very quickly and everyopne dies.

Anything is possible, but we know gold and silver is going to continue to rally to unprecedented height.