The Fed continued to pump massive liquidity into the financial system every night, starting with 75 billion dollars every night in September, now has to up the amount to 200 billion every night just to keep the financial system going and just to continue to support the stock market, keeping it up. We can see the melt-up of the stock market. The Fed and the PPT is likely to try to hold the stock market up for the Christmas holidays
This type of manipulated market will end soon, it could end before the end of the year, or soon in the new year. the exact time no one could know, it is now a matter of psychology, it is when the confidence is lost, leading to instant collapse/crash of the stock market and the bond market.
With most traders out of the market for the Christmas holidays, and the Fed actively supporting the stock market, I am not expecting a big swing until after Christmas, The market may just continue to trade sideways in a very narrow trading range.
Key intraday inflection level for NQ on Tuesday will be 8710 (March contract. Support is 8670
