Another rally day for NQ on Monday as the Fed may be getting closer to launching QE4. Gold, Silver and Oil all rallied on Monday but treasury bond has another big decline. US dollar is also struggling, clearly a sign QE4 is getting closer.
The launch of QE4 is likely to trigger short-lived short-covering rally in the stock market but a collapsing bond market may kill the dollar instantaneously which may may also kill the stock market as well.
Key price level for NQ on Tuesday will be 4330.
-- A pullback-down day for NQ below 4330, first support will be 4300 then 4275.
-- More short-covering above 4330
