On Thursday, ahead of the Trump import tariff coming into effect the Fed engineered buy programs lasted all day from the open.
With Trump increasing the intensity of his trade war rhetoric, the buy programs may even get more aggressive just in order to paint a positive picture of Trump trade war, but as every one knows, trade war is toxic and will bring down the global economy sooner rather than later. In the short run however, they can continue to juice the market.
On the short term intraday timeframe support for NQ on Friday will be 7065 and resistance at 7160
