Tuesday, May 1, 2018

NQ Guideline for Wednesday

The Fed triggered massive buy programs on Tuesday ahead of their policy announcement on Wednesday.
Image result for fomc meeting
Central planner engineered rallies continue to get sold as deflationary pressure continues to intensifies, a typical price actions at the end of a debt bubble. 
 
On Wednesday buy programs should continue to support the stock market as the Fed would not want to see a stock market selloff after their policy announcement.
 
On the short term intraday timeframe, support for NQ on Wednesday will be 6650, with the next resistance at 6770