The Fed/PPT must have spent a lot of money to try to keep the stock market up. When the market tried to sell-off after President Trump speech regarding China, massive buy programs was triggered on two occasion to prevent the market from crashing.
I would suspect the buy programs is going to continue for a while longer, therefore, unless the market breach key technical support level, the buy side will continue to be a better trade. A time will come when the market breach key support level and over-run the Fed buying power.
On the short-term intraday timeframe, key price level for NQ on Monday will be at Friday swing high.
-- At the close of Friday's close, NQ was in overbought zone. As such, it may need to consolidate before moving back up again. Key support for consolidation is 9480-9500. As long as this support is not breach, NQ should then resume its uptrend. A break below 9480 will change our bias from bullish to bearish.
-- Trading above Friday high at the open, and then staying above Friday high implies NQ is in breakout mode, as such, should trend up to at least until late afternoon before reversing back down, if any..
Trump-China war is and George Floyd protest is going to dominate the market on Monday.
