American trade war against Russia specifically by collapsing the crude oil price in order to hurt the Russian economy is quickly backfiring and beginning to collapse the entire global financial system, including the US themselves.
Monster buy programs by the Fed soon after the open on Tuesday designed to trigger short-covering rally, failed to reversed the
downtrend as NQ got sold-off hard in the afternoon and into the close, another liquidation day in the market.
Unless the FOMC announcement on Wednesday has something that the market has not priced in, look for another selloff day.
Key price level for NQ on Wednesday is 4100.
-- Above 4100 is an indication NQ is not in a freefall.
-- More liquidation below 4100
