NQ Guideline For Fridaay

A large range day for NQ on Thursday with attempted selling all day was reversed late day with monster buy programs likely by the Fed right after the cash market closed.

 

The end of day rally may continue in the morning on Friday with the next resistance at around 9255, a price level where NQ may reverse back down for the usual choppy sideways Friday market action.

 

Key inflection price level for NQ on Friday will be at 9100. NQ may just trade between 9255 resistance and 9100 inflection price level.

 

Should 9100 breaks the next lower support is at 9010

 

NQ Guideline For Thursday

On Wednesday NQ gap-up open and rallied into resistance immediately, then drop down quickly before rallying back up.

 

NQ then tanked in the afternoon when the FOMC did not cut short term interest rate. The stock market may have topped and may be ready to pullback down unless the Fed intervene aggressively to keep it up.

NQ closed just above key support for Thursday, 9080, setting up potential selloff day on Thursday if it opens and stay below 9080. Critical support is 9010 as trailing stop-loss congregates just below 9010

 

NQ has to stay above 9080 to keep selling from getting out of hand.

NQ Guideline For Wednesday

They were able to push NQ back up to open above key price level, 9110, on Tuesday morning as such selling algos were not triggered, instead buy algos was able to cause large rally that lasted all day on Tuesday, with the close near the high of the day.

 

On Wednesday we could see either a continual rally in the morning followed by a lunch or afternoon reversal back down. Or a pullback in the morning followed by either a lunch rally or afternoon rally.

 

Key inflection price level for NQ on Wednesday will be at 9100, key support at 9060 and 9010

-- Upside resistance is at 9160

NQ Guideline For Tuesday

The Sunday nigh selloff in the equity futures market continue into the opening bell on Monday with NQ gapping down over 200 points on Monday. However, there was no follow-through decline as the Fed buy programs helped stabilized the market. After the huge gap-down open NQ simply traded sideways.

 

The Corona Virus outbreaks spooked the global market

Key inflection price zone for NQ on Tuesday will be at 9010, which is the location of the 20-day moving average on the daily chart.

-- If NQ can stay above 9010 it will keep daily selling algorithms at bay, and we could see a rally back up towards the recent high.

-- However, trading below it is very bearish as it could trigger another round of heavy selling with the next major daily support way down at 8700.

 

NQ Guideline For Monday

The stock market sold off hard on Friday, the excuse is the Corona Virus outbreak that started in China. The extreme overbought stock market may be ready to pullback down to fair value level.

For NQ the current fair value is at 8000, and NQ is now at just above 9100 at the close on Friday, which means that NQ would have to drop down at least 1000 points just to get to fair value zone.

 

The futures market has now traded over 100 points for NQ on Sunday evening. Unless the Fed is willing to inject a much bigger liquidity into the market on Monday we can see the stock market to crash and continue to selloff on Monday.

 

Key short-term intraday price level for Monday will be at around 9165.

-- If NQ should somehow open above 916 we could see more rally, with the first resistance at 9210.

-- Below 9165, supports are 9090, then 9020-9030 zone, then 9000

NQ Guideline For Friday

On Thursday, NQ opened and sold off immediately, but massive liquidity injection by the Fed ensured that every dip will be bought aggressively by the Fed buying machine. The Fed is stuck with their Repo-QE program.

 

They will have to continue to inject more and more liquidity to keep the system going. As such, we could easy see the stock market going up like Zimbabwe  stock index as the Fiat paper money system collapses.

 

On the intraday, key inflection price level for NQ on Friday will be at 9210.

-- NQ is now ay above 9210 at the close on Thursday, as such we could see a rally to new high get reversed and drop back down towards the 9210 zone.

-- Should NQ trades below 9210 on Friday we could see a quick drop down to lower level, but the Fed liquidity injection should provide fuels for buying panic.

NQ Guideline For Thursday

A sideways trading pattern for NQ on Wednesday, a gap-up followed by afternoon reversal, with NQ dropping down to key intraday support and closed at key intraday inflection price level for Thursday.

 

Key inflection price level for NQ on Thursday is 9200, bullish above and bearish below it.

-- NQ is set-up to move away from 9200. Above 9200, the upside target is above Wednesday swing high.

-- Below 9200, the downside targets are 9150 and 9100, both are support generated by intraday price actions.

NQ Guideline For Wednesday

NQ traded sideways on Tuesday, a rally to new high in the morning then traded sideways for the rest of the day. With massive liquidity injection on a daily basis the stock market should continue to go higher until it doesn't.

 

Key inflection price level for NQ on Wednesday will be at 9165 again.

-- Bullish above 9165, upside target is another higher high above Tuesday swing high.

-- Bearish below 9165, strong support is 9090 - 9100

NQ Guideline For Tuesday

The stock market was closed on Monday for the Martin Luther King holiday. Trading resumes tomorrow (Tuesday).

As usual, on Friday NQ traded sideways inside a narrow reading range, with a morning decline followed by a slow rally starting at lunch.

 

With the Fed non-stop injecting ever increasing amount of liquidity into the financial system in order to prevent complete collapse, we can expect the melt-up in stocks to continue until it doesn't. 

 

Key inflection price level for NQ on Monday will be at 9165, bullish above, bearish below.

-- Trading above 9165 implies more uptrend to higher high, with the next upside target at 9215 if we get a choppy non-trending day, or to 9250 if we get a trending NQ.

-- Trading below 9165 could trigger some short-term intraday sell algos. If so the first downside target is 9120, then if the market would get bearish, then the next lower target is 9090.

NQ Guideline For Monday

As usual, on Friday NQ traded sideways inside a narrow reading range, with a morning decline followed by a slow rally starting at lunch.

 

With the Fed non-stop injecting ever increasing amount of liquidity into the financial system in order to prevent complete collapse, we can expect the melt-up in stocks to until it doesn't. 

 

Key inflection price level for NQ on Monday will be at 9165, bullish above, bearish below.

-- Trading above 9165 implies more uptrend to higher high, with the next upside target at 9215 if we get a choppy non-trending day, or to 9250 if we get a trending NQ.

-- Trading below 9165 could trigger some short-term intraday sell algos. If so the first downside target is 9120, then if the market would get bearish, then the next lower target is 9090.

NQ Guideline For Friday

The Fed continues to inject massive amount of liquidity into the financial  system every night to buy the stocks.

 

There is NO way out for the Fed, thus the Fed has to continue to inject greater and greater amount liquidity to prevent financial market collapse, as such we can expect the stock market is going to continue to go up until it doesn't.

 

Keep in mind that Friday tends to be a choppy sideways day. Key inflection price level for NQ on Friday will be 9110

-- Bullish above, upside target is 9160.

-- Bearish below, downside target is 9060.

 

NQ Guideline For Thursday

Wednesday was the second consolidation day following a trending Monday. Now that Trump trade deal has been signed the market should start to move again

 

Depending on the amount of liquidity the Fed is going to inject into the system tonight will determine the market direction on Thursday. The market simply traded sideways on Wednesday when the Fed only injected $50 billion, so we shall see.

 

Key inflection price level on NQ for Thursday will be at 9070

-- Bullish above it, and if the market should trend up, the next upside target is 9170 to 9200. If the market remains in choppy mode, the next upside target is 9120

-- Bearish below it, and if the market should trend down, the next downside target is 8970. If the market remains in choppy mode, the next downside target is 9000

NQ Guideline For Wednesday

NQ traded sideways on Tuesday after a trending day on Monday. Wednesday could be another trending up day, a resumption of the current melt-up because of the Fed continuous liquidity injection into the system , or a pullback down day in spite of the Fed liquidity injection as the market is in extreme overbought on the daily timeframe.

 

Key price level for NQ on Wednesday morning will be 9070.

-- Trading below 9070 is bearish, but NQ would have to trade below Tuesday low to trigger more selling

-- Staying above 9070 is bullish and could cause a trending up day again. However, NQ would need to break above and stay above 9090 to trend up.

NQ Guideline For Tuesday

Following a sideways consolidation day on Friday NQ trend up on Monday. Normally, following a trending day the market tends to consolidate and trade sideways in a narrow trading range. As such, NQ is likely to trade sideways on Tuesday.

 

For NQ on Tuesday, key inflection price level is 9065.

-- If NQ trades above 9065 on Tuesday after the open, and if it is going to going to trade sideways in a consolidation pattern, the upside target for NQ on Tuesday will be about 9120 before it trades back down,

-- If NQ trades below 9065 soon after the open on Tuesday, and if it is going to going to trade sideways in a consolidation pattern, the downside target for NQ on Tuesday will be about 9020 before it reverses back up.

NQ Guideline For Monday

NQ traded sideways on Friday with the close just below key line-in-the-sand for Monday, 8990, setting up a resumption of the current uptrend, or a continual pullback down to lower support level.

 

Depending on where NQ opens on Monday in relation to its LIS, NQ could either go back up to another higher high if the open is above 8990, if so, the next upside target is 9090,

 

or continue to pullback down to lower level if the open is below LIS. If this is the case, the next strong support at 8900

 

Repo problem is still the main problem facing the global financial market going forward.

NQ Guideline For Friday

With massive overnight liquidity the stock market opened with a gap-up on Thursday, but then it simply just traded sideways all day.

 

The stock market continued to melt up as the Fed is now trapped, they have to continue to inject liquidity into the market at an increasing rate. the stock market is a hedge against currency collapse.

 

As long as the Fed continue to inject liquidity at an increasing rate overnight the stock market should continue to go higher.

 

Key inflection price level for NQ on Friday is 8990. Friday tends to be choppy and sideways trading pattern

-- Above 8990, upside target is 9040-9050

-- Below 8990, downside target is 8940-8950

NQ Guideline For Thursday

Buy programs continue all night on Tuesday night and continued all day on Wednesday, with a small profit-taking selling at the end of the day.

 

Following a large rally day eh market tends to trade sideways in a choppy and narrow trading range.

 

Key inflection price level for NQ on Thursday will be at 8930

-- Bullish above 8030 with 8080 as upside target, as acting as resistance

-- Bearish below 8030 with 8830 as first downside target, and acting as support

 

The risk of more Iranian retaliation is still present

 

NQ Guideline For Wednesday

A sideways consolidation pattern for NQ on Tuesday following a big all day rally on Monday. Equity futures market has sold off hard following Iran retaliatory strikes against American bases in Iraq.

The Fed and the PPT is going to pump maximum liquidity into the financial market overnight to prevent sock market crashes. They may be successful in the short term but they are planting seeds for a bigger crash in not so distance futures when they have to drain the liquidity back.

 

Key inflection price level for NQ on Wednesday will be 8850. NQ should stabilize if they are able to push the stock market up to above 8850 by the open. However, selling could get out of control if they are not able to keep NQ above 8850

 

NQ Guidelione For Tuesday

A huge gap-down open continued to be bought. On Monday the buy programs continued all day into the close to ensure the market does not sell-off in the afternoon.

 

The threat of Iranian reprisal is real, just a matter of when. And when they do retaliate, central banks will not be able to stop  the crash.

Key intraday price inflection level for NQ on Tuesday will be at 8830, bullish above it, bearish below it.

NQ Guideline For Monday

A huge opening gap-down on Friday but was aggressively bought. The market then rallied but sold off again in the afternoon.

 

The market was way overbought on the daily chart, thus ready to reverse back down.

The assassination of top Iranian General by the Trump administration could trigger a selloff un stock because war in the middle east will cause oil price to spike thus bad for the stock market. We could see stock market crash.

 

Key intraday price level for NQ on Monday is 8800

-- Below 8800 we could see the market sold off

-- NQ should stabilize above 8800.

NQ Guideline for Friday

The Fed continued to inject massive liquidity into the financial system in order to avert the inevitable collapse which is coming soon. The liquidity continue to flow into the financial market causing everything bubble, a big rally for NQ on Thursday.

 

Key inflection price level for NQ going into Friday trading is 8850.

 

The futures market has already sold off in overnight trading with NQ selling the most, setting up a sharp selling in the market at least in the morning unless the Fed again inject more than usual amount of liquidity into the system overnight and cause the market to again open higher.

NQ Guideline For Thursday

The equity market was closed for the New Year on Wednesday but was trading sideways on Tuesday, with a close above key intraday inflection price level, which is at 8745.

 

As long as NQ opens above 8745 we should see a rally at least during the morning session, with or without a small pullback.

 

Opening below 8745 is bearish, and could cause a selloff. With many investors now in huge profitable position, and may be ready to take profit, we could start to see selling coming into the market unless they could continue to push the stock market higher.

 

The Fed is now injecting $60 billion per month in QE (QE4) and huge liquidity inject through overnight repo to keep the market going higher.