Ahead of Trump impeachment vote and ahead of the trade agreement between Trump and China, the PPT was extremely active in supporting the stock market, and pushing it up, but without buyers and with the market deeply overbought on the daily timeframe, every rally has been used as an excuse to short the market.
For Monday, key intraday price level for NQ will be at 8495.
-- Trading above 8495 after the open implies NQ is going to get push higher first.
-- Trading below 8495 is an indication NQ is going to go down to its 200-ma on the 5-minute chart, now at 8460. A break should tank the market. No break should rally NQ back up.
