Just a choppy sideways trading pattern for NQ on Monday. After a massive morning surge to higher high in the morning courtesy of central planner algorithm buy programs NQ pullback down. It is certainty not a good sign of things to come, an indication that deflationary forces is beginning to weigh heavily on the stock market.
4925 is key support price level for NQ on Tuesday.
-- NQ remaining above 4925 should keep selling in check, an indication NQ may either rally or trade sideways again.
-- If NQ should trade below 4925 selling could take NQ back down to 4900, a price level that should bounce NQ back up. However, should 4900 be breached, look for selling to accelerate.
