The pump-and-dump actions in the stock market continues. Usually after a sharp selloff they would turn around and pump the stock market up, usually to another higher high in order to get insiders out of their long positions at great prices before their buy programs gets overwhelmed by market deflationary forces.
Sharp selloff followed by a rally to higher high should continue for a while. With the US going into a long memorial day weekend, look for buy programs to continue on Tuesday.
As long as NQ remains above key support, 5670-5675, NQ should remains in a bullish mode but likely trading in a choppy price action.
Memorial Day Weekend
