With Trump trade war against the entire world accelerating, major world central banks buy programs went into overdrive last week just to create a positive sentiment out of bad situations.
Trade war is bad for the global economy, and sooner or later reality will prevail, but the timing is difficult o predict as it is now no longer an economic issue. The stage is now set for a global economic collapse, the only question is how long can central banks keep the charade going before the whole financial systems collapses.
On the short-term timeframe, the stock markets is in rally mode, especially for NQ as Friday was a breakout day for NQ.
-- As long as it remains above 7030, on the March contract, short-sellers will cover their position on any decline
NQ remains in buy mode above 7030, but will turn into sell mode below 7030
