Another sideways consolidation type of day on Friday, but with Trump now launching shooting war after just recently launch trade war the stage is set for massive collapse. Trade war and shooting war is very negative for the economy.
The Fed is certain to intervene aggressively in the stock market in the coming day just to prevent the market from collapse. Whether or not they will succeed only time will tell. They may succeed in the short term but eventually market forces will prevail.
Key support for NQ on Monday will be 6600.
-Trading below 6600 could trigger heavy selling.
