After a massive ramp up job on Thursday the equity market sold off hard on Friday down to retest Thursday low for NQ.
Overnight on Sunday night the futures market is being pushed up hard, currently trading back at around Thursday's closing price, and above 4400 price level, which is a key inflection price level on the daily chart. The hope is that the attempted summer selloff can be prevented.
The fight between central banks buying programs which usually occurs overnight and the market forces of deflation pushing the market down during regular trading hours is going to continue.
Key inflection price level for NQ on Monday will be 4400.
-- Strong selling pressure below 4400.
-- selling pressure should be under control above 4400.
