Deflationary forces continued to drag the market down on Monday. Although they are able to get the Dow into new high the intensifying deflationary forces is likely to exert itself until central banks either loses control and let the market forces take the market wherever they may want to go or hyperinflate the currency.
The battle central banks and deflation should continue a while longer, expect the markets gyration to get more intense going forward.
Key price level for NQ on Tuesday will remains at 4700.
-- A clear and sustained break below 4700 has the potential to tank NQ quickly down to 4500 - 4550 support zone.
-- Selling pressure should be under control if NQ can remains above 4700 price level. resistance are 4740, 4760, 4800.
The 35-Year Bull Market in Bonds Comes to an End. More than $1 trillion has fled bond market as investor worry about interest rates under Trump presidency
