The stock market continued to chopped around on Monday, stuck between the 200-day moving average support and resistance,
The topping process continues ahead of a big dump with our without a large bounce off the key 200-dma support.
The forces of deflation should continue and should intensify. key support level remains at 200-dma on the daily chart for the major indices, and as soon as the three indices breaks below the 200-dma all major algorithm should be on sell mode, triggering massive selling avalanche, crashing the market in a major way.
President Trump trade war is simply going to accelerate the stock market collapse, ensuring the demise of the republican party in the upcoming mod-term election, likely triggering a call for trump resignation as trump base having abandoned by trump in a big way, starts to abandon Trump.
NQ key support 200-DMA is now at 6350
