A sideways consolidation day for NQ on Wednesday. The low of the day was at key support level, 20,200.
On Thursday we could see another downtrend if it breaks below 20,200 support , or s big up-day if it can break above 20,400.
The strength of the US$ is a big factor in determining the bearishness or the bullishness of the market. With the US$ in a massive rally mode, it is affecting buy-Sell algos decision, a big US$ spikes can cause a sharp stock market sell-off, just like what happened on Tuesday.
