Another huge down day in the equity market on Thursday. Unless global central banks intervene aggressively before and after the stock market opens on Friday we can expect the stock market to crash as margin selling gets triggered come Friday opens
NQ is approaching its 200-day moving average support, but as we can see from the Dow and the S&P 500, their 200-dma did not pause the drops, so we can expect NQ 200-dma to get sliced.
The equity futures market continued to crash in globex trading overnight Thursday night.
