Tuesday, April 8, 2025

NQ Guidelien For Wednesday

 Crash or Bounce For Wednesday

Attempted rally failed on Tuesday as Trump announced another 50% increase in Tariff on China for a total of 105% tariff and promised to increased it higher is China does not comply, and China promised to fight Trump to the end. That set the market tanking on Tuesday

Depending on what Trump announce on Wednesday we can either see another attempted bounce or a crash.

Strong support for NQ is at 16,000-16,700. Normally there would be a big bounce from it, but tariff war is real, and neither side is going to back down.