Thursday, January 16, 2020

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.