A large gap-up opening day on Wednesday triggered another short-covering rally day that lasted most of the day, with some profit-taking decline at the end of the day.
Key inflection level for Thursday is 2480.
- Above implies more up-trend, with first target is a re-test of Wednesday swing high.
- Below 2480 imples it is in pullback mode, targeting a decline down to 2470-2475, then 246-2465.
The Fed and the ECB continues to create currencies at break-neck speed, and should continue to do so at an accelerated speed.
