NQ Guideline For Monday

NQ traded sideways above prior day high prior to the end of day spike high, but never traded above the spike high, an indication that beside the Fed buying algorithm there is really no other buyers up at these extremely overbought price level.

 

Key intraday support price level for NQ on Monday will be 5568.

-- As long as NQ can stay above 5568, sellers would be relatively inactive and intraday buyers should remain in buy mode. However, without the help of major buy programs, NQ either trade sideways again or rally in a slow and choppy pattern, new upside target is a new higher high before profit-taking selling sets in.

-- Bearish bias on a clear break below 5568.

 

WASHINGTON – Congress took the easy way out to keep the government open on the eve of Donald Trump’s 100th day in office, passing a weeklong stopgap spending bill Friday that amounted to more of a defeat for the president than a victory

NQ Guideline For Friday

NQ simply traded sideways ahead of the federal government funding dateline on Friday. At the end of the day Amazon's earning reports served as an excuse to trigger massive buy programs designed to keep the stock market up ahead of all the funding uncertainties.

 

The house and the senate is not going to let the government shutdown to occur, as such they will reached an agreement on Friday for a temporary funding of the Federal government. Funding uncertainty will keep the Fed buy programs very active for a while.

 

For NQ, key price level on Friday will be 5570.

-- As long as they can hole NQ above 5570 throughout the nigh tonight and into Friday morning, we can expect an up day or a sideways consolidation day above 5570.

 

NQ Guideline For Thursday

Not much happened in the stock market on Wednesday. NQ simply traded sideways, traded down to short-term intraday support at 5535, which would serve as key inflection price level for NQ on Thursday.

 

-- A break below 5535 could take NQ lower to the next support level at 5520.

-- Remaining above 5335 implies either more sideways trading pattern or another rally up to another higher high.

 

April 28th remains a date for potential US government shutdown if no agreement is made for some temporary funding agreement.

NQ Guideline For Wednesday

With the potential of US government shutdown on Friday 28th April due to funding issue, President Trump has summoned the entire US senate to come to the white House on Wednesday for a military briefing regarding military strikes on North Korea to divert attention away from a potential global financial market meltdown if the US government is shut down.

 

And the massive market manipulation on Monday and Tuesday is also part of the overall plan to prevent financial market meltdown. Whether or not a war with North Korea is enough to distract attention from the impending global financial collapse due to the government shutdown if NO deal is agreed by Friday, only time will tell.

 

If war with North Korea is really going to happen very soon we can expect more market manipulation and more buy programs on Wednesday to push the stock market even higher.

 

Key support level for Wednesday will be Tuesday low, 5521.

-- And as long as NQ remains above Tuesday's low, there is no reason for traders to sell, as such the rally should continue.

Entire U.S. Senate to go to White House for North Korea briefing

NQ Guideline For Tuesday

On Monday NQ opened with a gap-up, but without any new buyers NQ simply traded sideways, but the Fed managed to keep the market up.

 

Key price level for NQ on Tuesday will be 5492, Monday's swing low.

-- As long as NQ stays above 5492 selling should remains subdued, and NQ either trades sideways or rally if they trigger another rounds of buy programs.

-- Breaking back below Monday's low is likely to trigger selling. If so the next support is prior swing high, 5480, and 5480 needs to hold if NQ rally is going to continue.

 

Democrats says that President Trump Must Surrender On Funding For A Border Wall To Avoid A Government Shutdown On His 100th Day In Office (April 28th)

NQ Guideline For Mondat

The result of the French election where Macron beat Marine Le Pan as the number one candidate gave  major central banks an excuse to intervene aggressively in the stock market, pushing all the major indices very much higher than its Friday close.

Their hope is to paint Macron  beating Le Pen as a positive development. Whether or not they can hold the stock market up after the open on Monday it is very difficult to predict as it really depends on how much capital central banks are going to spend to keep the markets going up on Monday.

 

As of midnight New York time, NQ is still trading above prior record swing high 5480, and is a price level that will become crucial on Monday.

-- If NQ can stay above 5480, and if it can then trigger short-covering and new buying volume to overwhelm profit-taking selling, then NQ should continue to rally to higher highs.

-- If profit-taking selling and distribution selling would overwhelm the buying, we can expect a sharp selloff if 5480 should not hold.

NQ Guideline For Friday

After opening with a gap-up and then trading sideways for the first two hours in the morning on Thursday, buy programs were finally able to pushed the market up breaking above 5440 resistance for NQ before consolidating above 5440 until the end of the day, setting up 5440 as key support price level on Friday.

 

If they managed to keep NQ above 5440 on Friday morning we can expect NQ to continue to rally, its next upside target is a break above prior swing high 5480 before profit-taking activities sets in which can push NQ back down .

 

However, if NQ trades back below 5440 it is an indication of a larger pullback down or consolidation down with first support at 5430. If 5430 breaks, the next support is 5400.

NQ Guideline For Thursday

Overnight buy programs designed to cause a big gap-up open which then should trigger a short-covering rally failed to attract any new buyers as seller came in after the morning rally faded.

 

With the Dow and the S&P trading below their respective 50-day moving average, any attempted rally should be short-live as long as S&P 500 and the Dow remains below their 50-day moving average.

 

At the end of Wednesday trading NQ dropped back below 5400 at the close, setting up for a bearish day on Thursday unless NQ can trade back above 5400 on Thursday.

 

Key price level for NQ on Thursday will again be 5400.

-- First support below 5400 is 5365. A break below 5365 could trigger another round of liquidation selling activities, lower supports are 5315 then 5300.

-- Trading back above 5400 should keep seller at bay until NQ has rallied up to resistance, 5440 

NQ Guideline For Wednesday

NQ traded sideways again on Tuesday, the fifth day in a row inside the 5365-5400 trading range. Attempted upside breakout near the open on Tuesday failed and NQ drifted back down to the middle of the range.

 

For Wednesday key price level remains 5365 support and 5400 resistance.

-- A sustained break out of the range is likely to trigger a trending move out of the range.

-- A false breakout of the range should reversed back in.

 

NQ remains above its key 50-day moving average on the daily chart. Until it breaks, NQ could remains in a choppy sideways mode unless it can clear 5400 resistance.

 

However, both S&P 500 and the Dow has broken below their respective 50-day moving average dragging all the markets down with them. If NQ can get dragged down below its 50-day moving average, we could see a very big down day.

NQ Guideline For Tuesday

A choppy up day for NQ on Monday. It took NQ all day to rally up to critical 5400 resistance price level..

 

5400 will be key price level for NQ on Tuesday

-- A sustained break above 5400 could trigger more short-covering activities that could take NQ up to 5440, which is the next resistance.

-- A failed breakout above 5400 or failure to break above 5400 could trigger so selling that would likely push NQ back down to retest the recent swing low 5347, however the first support below 5440 is 5365.

NQ Guideline For Monday

After an early morning rally on Thursday last week, the market sold off hard starting at lunch time and then continues all day into the close. NQ broke below key support 5360 near the closing bell and then closed below 4360.

 

For Monday NQ would need to break back above 5360 broken support to keep selling algorithm at bay. If so NQ could rally back up to 5400 before selling come back in to overwhelm buyers.

 

Remaining below 5360 on Monday could trigger another round of selling. If so the next support zone is 5300-5315.

NQ Guideline For Thursday

As the United States gets closer and closer to financial collapse the war drums is getting louder and louder. In fact they have started their massive bombing of Syria.

 

War is needed in order to keep capital flowing in the US dollar assets, particularly into the stock and the US treasury bond market. I fact a major war is necessary to get capital running to their perceived safe heaven, the US government treasury bond.

 

Continual capital inflow into the US treasury bond is needed even more urgently now that the Fed has decided to trim down its balance sheet, to avert exodus of capital from the US dollar denominated asset and thus avert financial collapse. But the end game is fast approaching and seems unavoidable.

 

On Tuesday NQ remained below 5400 key resistance price level, but also remains above 5360 key support level. Once consolidation has ended, NQ should either resume its downtrend or reverse back up to retest its recent high.

 

Key price level for Thursday will again be 5360 support and 5400 resistance.

-- A sustained break out of the 5360-5400 trading range should trigger a trending move in the direction of the break.

-- On a break below 5360, lower supports are 5340 then 5320. A sustained break below 5320 could trigger a massive liquidation drop, strong support are way lower.

-- A false breakout of the 5360-5400 range would quickly be reversed in a very fast fashion.

-- Remaining inside the range implies choppy sideways trading pattern.

 

Gold has just broken above its key resistance 200-day moving average. it should now rocket upwards as short seller starts to cover or get liquidated.

,

NQ Guideline For Wednesday

On Tuesday NQ sold off hard in the morning, easily broke below 5400 key support, after a retest of the break, tanked hard down to 5360 support before buy programs was able to push the market back up to retest broken support again, 5400, now acting as resistance.

 

On Wednesday 5400 will be key price level.

-- Failure to clearly break above 5400 is going to attract another round of selling. Supports are 5360 then 5340 which is the location of NQ 50-DMA on the daily chart. A break below the 50-dma would turn buyers into sellers. Failure to break below its 50-dma is an indication NQ is going to continue to rally to another higher high.

-- Breaking back above 5400 on Wednesday is going to trigger some short-covering rally, with the next resistance at 5440.

 

The bear market is starting to come out of its hibernation

NQ Guideline For Tuesday

NQ morning rally briefly broke above 5440 key resistance before reversing back down. As expect a false breakout would reversed sharply, which was exactly what NQ did on Monday. After breaking out above 5440 NQ reversed sharply down.

 

The decline stop just above 5400 key support level before buyers and profit-taker rallied NQ back up towards 5440 resistance again.

 

With NQ remaining inside the 5400-5440 trading range, the setup for Tuesday would be similar to the setup for Monday.

-- A sustained break out of the range is likely to trigger a trending move in the direction of the break.

-- A false breakout of the range implies fast reversal that would test the opposite range.

The great debt deflation. Commercial bankruptcy filings, from corporations to sole proprietorships, spiked 28% in March from February, the largest month-to-month move in the data series of the American Bankruptcy Institute going back to 2012

NQ Guideline For Monday

NQ traded down to 5400 support on Friday and then bounced, rallied up to 5440 resistance. On Monday 5400 should remains as key support and 5440 should remains as key resistance. Remaining inside the 5400-5440 trading range would keep NQ in a choppy sideways trading pattern

 

A sustained break out of the 5400-5440 trading range would likely cause a trending move out of the range, in the direction of the break. However, a false breakout of the range is going to trigger a fast reversal back into the trading range and then test the opposite range.

 

President Trump bombing of Syria is designed to distract attention away from his domestic policy failures a from an imminent financial collapse.

NQ Guideline For Friday

NQ consolidated sideways between 5400 support and 5440 resistance all day on Thursday, setting up a trending move out of the range once consolidation has ended.

 

Trading range is 5400 - 5440, with 5400 as key support, 5440 as key resistance. A sustained break out of the range is likely to trigger a fast move in the direction of the break.

 

It is a well-known phenomenon that during distribution large funds tends to manipulate the market upward I order to trigger short-covering and momentum buying, then as the market rallies, they download their large positions.

 

The sideways consolidation on Thursday following a steep selloff on Wednesday is a setup for another large down day.

-- However, lets not be surprised if the market is engineered higher, NQ breaking above 5400 key resistance and rally up to another higher high before massive selling comes back in.

 

The US has escalate the war in Syria with massive bombing campaign, and next on their radar screen is attack on North Korea. These wars could be a catalyst for a financial market collapse.

NQ Guideline For Thursday

For the second time in two weeks NQ sold off very hard after making a higher high. This is clearly a distribution pattern activities with insiders pushing the market to another higher high in order to suck in the suckers for them to download their large positions.

 

Distribution activities normally takes six month to complete before selling commences in earnest, so there should continue to be more of such activities going forwards, with insiders pushing the market to higher high then selling their position aggressively.

 

Key support for NQ on Thursday will be 5400, which is currently the 20-MA on the daily chart.

-- As long as 5400 support is not violated, NQ should bounce back up, first resistance is 5430 then 5440

-- Breaking below 5400 implies a sharp drop down to 5300-5320 support zone.

NQ Guideline For Wednesday

After spending most of the day consolidating sideways below 5440 resistance, the end of the day buy programs managed to break above 5400 and then closed above 5440.

 

Wednesday could be a very interesting day. After four days of consolidation NQ may be ready to go into a rally mode. To do so, NQ would need to stay above 5440, then break above its recent high 5455 and stay above, as a failure to stay above its recent swing high after break above it could trigger an avalanche of selling.

 

Trading back below 5440 is an indication NQ is going to continue to consolidate or a retest of the 5400 support.

NQ Guideline For Tuesday

Early morning buy programs triggered soon after the open, designed to trigger a rally to break above prior high, in order to run-over stop-losses thus triggering another round of short-covering rally.

 

Although NQ managed to break above prior day high, it failed to trigger short-covering. As such, sellers came in aggressively. Multiple rounds of sell programs crashed NQ down below 5440 key support then broke below 5428 support on its way down to 5400 strong support zone before reversing back up.

 

NQ closed just below 5440 previous key support, for Tuesday will act as key resistance.

-- If NQ fail to break-back above 5440 on Tuesday, seller would be back to sell the market,. If so, NQ may drop back down to retest Monday's swing low.

-- Breaking back above 5440 should keep sellers at back until it makes another higher high. A breakout to another higher high that fail to trigger short-covering is likely to bring in another round of selling.

NQ Guideline For Monday

NQ traded sideways in a very narrow trading range on Friday. The current upside momentum on the daily chart has drastically slowed down because most weak short-sellers and short-term traders have been squeezed out by five days of back to back rally days.

 

Unless they are willing to trigger more buy programs to keep the current stock market uptrend going to higher high, profit-taking selling may come in. If that leads to a violation of key support, stop-loss can get hit, triggering more selling activities.

 

On the short-term timeframe, key inflection price level for NQ on Monday will be 5440.

-- Trading above 5440 should keep selling to a minimal, and implies more sideway action or a rally to another higher high.

-- Trading below 5440 is likely to attract some selling, next support is 5428. A clear violation of 5428 could trigger trailing stop-loss that can quickly tank NQ down to the next support level, 5400.