Tuesday, May 24, 2016

NQ Guideline For Wednesday

NQ opened with a gap-up on Tuesday. It was then immediately followed by massive algorithm buy programs that lasted all day long into the close. The Fed buy programs is likely to continue into Friday for the long weekend window dressing.
 
Key support for NQ going into Wednesday trading will be 4400 strong resistance now should act as strong support.
-- Sellers should be kept at bay with NQ trading above 4400. If so, NQ either rally or trade sideways.
-- Seller will be back if NQ should clearly break below 4400.
 
Deutsche Bank upcoming implosion is going to take the global financial system with it.