NQ dropped down to is key support at 6700 on Friday and then rallied impressively to close at the high of the day.
However, with both the Dow and the S&P 500 still trading below their respective daily chart 50-day moving average resistance, both had a small gain for the day on Friday.
Selling pressure should remains intense for the Dow and the S&P 500 stock as long as they remains below their respective 50-DMA on the daily timeframe, which then can drag NQ down. Should NQ breaks below its daily 50-DMA key support, selling could get very intense.
Below 6700, the next strong support for NQ is 6200 price level.
Trump trade war should continue to depress global equity market.
