A sharp decline below support soon after the open on Friday was aggressively bought. Buy programs designed to rally the stock market up lasted most of the day on Friday.
NQ closed at the high of the day, setting up a bullish day for Monday, as long as it can remains above key support price level of 5795. If so the next upside resistance is 5860.
Should NQ break below 5795 lower support are 5783 and then 5775
The latest data means that contrary to previous calculations, central banks are now injecting a record $300 billion in liquidity per month, above the $200 billion which Deutsche Bank recently warned is a “red-line” indicator for risk assets
