Following a multiday short-covering rally the market finally paused and pullback-down on Thursday.
Key support level for the current pullback is 4075 for NQ, and as long as NQ remains above 4075, the current short-covering rally should continue once the pullback has ended, the next resistance remains at 4300.
After pulling back down for three days following a massive rally, gold rocketed back up again on Thursday, back towards trend line resistance (see chart below). The impetus of the current move was likely due to imminent arrival of helicopter money from the Fed. If so, gold manipulation / gold price suppression scheme, could get unhinged and gold could rocket to unbelievable height in a very short time.
