After a sharp selling early in the morning, NQ spent the rest of the day rallying again into a new high. Announcement of massive money printing by all the central banks around the world should keep the rally going.
Over $700 billions new money printing by the Bank of Japan, over $600 billions by the ECB and likely over one trillion dollars by the Fed, many may be pure new money, unsanitized money creation, leading to syncronized global hyperinflation currency collapse.
Under that scenario, the stock market should go into hyper parabolic move to keep up with inflation.
On the short term intraday timeframe, key support for NQ on Wednesday will be at 12,580, bullish above, a deeper pb below it.
Zimbabwe Stock Index during their hyperinflationary collapse.
