The stock market traded sideways on Wednesday consolidating the huge rally on Tuesday.
The stock market has rallied sharply in overnight trading after the court made a decision that Trump tariff is not legal and must be stopped immediately, as Trump does not have to authority to impose tariff.
In addition, The Fed has started to accelerate pure money printing as there are very few buyer of US new debt issuance.
A combination of massive money printing and tariff halt triggers massive short-covering rally .
For NQ it has traded over 400 points in overnight trading. If it continues into the open we could easily see NQ rallying over 1,000 points as short get forced to cover.
Key Resistance for NQ will be at double-top, 22,500.
