NQ Bounces and Then...

Ignore the news. All of it. It doesn't matter if there is war or not war. The headlines will follow the market. not the other way. Reading the news is driving with the rear view mirror. This is an emotionally-charged, increasingly uncertain market, with bulls becoming increasingly confused as the market doesn't behave as it has for the past 12 years. If this trendline fails as support and NQ goes below 14,000 with conviction, the next support is near the January 24 lows. I wouldn't be shocked if the lows are taken out today, but I have more confidence the low could be breached by Tuesday or Wednesday.

If instead NQ goes higher, there's about 2 percent of upside before the downtrend in place since February 2 is breached.