A big rally in the stock market as the PPT continue to aggressively push the stock market up. NQ rallied up to strong resistance , the 20-day moving average on the daily chart on Friday and stalled at that level, setting up either a pullback down move on Monday, or a continuing rally on Monday, depending on where it trades in relation to the 20-dma on the daily chart, which was at 5460 as of Friday's close.
Thus, key price level for NQ on Monday will be 6460, acting as resistance as of Friday's close.
-- Bullish above 6460 with the next resistance at 6500 prior swing low, then 6625, then 6700. Any of these resistances can send NQ dropping back down.
-- Below 6460 implies NQ is going does to supports before going back up, that is, as long as support holds. Key support is 6300.
The democratic-controlled congress is determine to impeach President Trump, and that is bad for the stock market
