-- NQ 60-minute Trend = Turning Up
-- NQ 5-minute Trend = Turning Up
The market was engineered higher overnight on Wednesday night to keep it from crashing. Credit market crash for the third night in a row, the third consecutive night of intervention by the Federal Reserve, again injecting massive liquidity into the financial system.
Friday tends to be choppy, but key inflection price level for NQ on Friday will be 7940.
-- Bullish above it .
-- Bearish below it
Wednesday night was the 3rd night in a row that repo rate sky-rocketed that the Fed was again forced to intervene.
