In order to keep the stock market at elevated level, the Fed buy programs continues to target the five Nasdaq stocks, including Apple, Google, Amazon, Facebook, Netflix.
While NQ continues to make a new higher high almost on a daily basis, the Dow and the S&P 500 index continues to trade below March swing high as insiders continues to sell ahead of the bear market.
Support for NQ on Tuesday will be 5680.
-- s long as NQ remain above 5680 on Tuesday we can expect another new record high. Because there is no more buyer at these high level the rally should continue to be slow, narrow range and choppy.
The Race has been on for some time between the three of the biggest Global Central Banks to see who can expand their balance sheets the most before they fall off the cliff into the deflationary abyss. And of course take the world down with it .
