A large gap-up and trend up day for NQ on Wednesday following Trump victory. NQ and S&P 500 is now in breakout mode and may force the shorts to cover. If so we can expect to see 3 to 4 large up day in a row above breakout before we see a pullback day.
For NQ the breakout level is the high from July at 20,920. A sustained break above could trigger a 1,000-2000 point rally before pausing
Key price level for NQ on Thursday will be at 20,920.
The Fed is expect to cut interest rate by 0.25% on Thursday
