Tuesday, September 22, 2015

NQ Guideline For Wednesday

NQ opened with a large gap-down and then ran down to just above 4200 support before bouncing for the end of day profit-taking rally.

Unless NQ can break back above 4300 previous support-now resistance NQ should continue to go down, then next support us 4200.

Global deflationary forces is starting to accelerate and unless and until the Fed is ready to trigger QE4, look for the downtrend to commence.