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.
