Monday, January 8, 2018
NQ Guideline For Tuesday
The stock market is now in a capitulation phase. Engineered buy programs seems to be non-stop until most of the short sellers has capitulated and exited their short position.
When will the engineered rally ends, it is very difficult to say as the market is now driven up purely by emotion, greed, so we will continue to stay with the current uptrend until there is sign the trend is ending.
Keep in mind that trend in capitulation mode such as the current up trending move, can end abruptly and reverse sharply, so we must stay nimble.
Key support level for NQ on Tuesday will be 6655.
-- As long as NQ remains above 6655, it either consolidates sideways or rally to another higher high
When will the engineered rally ends, it is very difficult to say as the market is now driven up purely by emotion, greed, so we will continue to stay with the current uptrend until there is sign the trend is ending.
Keep in mind that trend in capitulation mode such as the current up trending move, can end abruptly and reverse sharply, so we must stay nimble.
Key support level for NQ on Tuesday will be 6655.
-- As long as NQ remains above 6655, it either consolidates sideways or rally to another higher high