On Thursday NQ opened with a huge gap-down, all the way down to below key support. Then after a choppy sideways consolidation NQ trend down in the afternoon and then close to very near the low of the day, closing just above key support, at 12,780.
Should 12,780 breaks, there is a stronger support at 12,700-12,720 price zone. A sustained break below 12,700 is going to cause massive a quick decline to 12,200 srong suport zone.
Massive money printing is starting to cause a runaway inflation and spike in interest rate. If rates continues to spike, we could start to see a very disorderly market decline, a crash.
