The Fed recently announce that they are going to increase their balance sheet from 7 trillion to 10 trillion in the near term of a few months. The amount is going to continue to increase at an exponential rate,, and they are effectively monetizing the debt. As such, hyperinflation of the paper money is not far away.
Hyperinflations will lead to a sharp increase in the value of stock, as we cam see from Weimer Republic and more recently the Zimbabwe and Venezuela collapse.
On the intraday basis, key line-in-the-sand for Thursday will be at 10,600. At the end of the Day on Wednesday NQ looks ready to rally a bit further up before pulling back down.
-- Bullish above 10,600, next upside target is above Tuesday swing high.
-- Bearish below 10,600
