The battle between central banks buying and forces of deflation pushing the market down continued on Tuesday with deflation winning the battle as the market decline.
With global central banks on the next round of QE, they are starting to lose their fight against precious metal as investors are starting to pile into precious metal to protect themselves from global central banks hell-bent on destroying paper currency.
Market volatility should continue to be elevated going foreword as the battle between central banks and forces of deflation intensifies, with sharp selloff that is followed by sharp rallies.
Key support/resistance price level for NQ during Wednesday trading will again be 4400. First resistance is at 4450 with first support at 4340
