Massive end of day buy program, continuing into overnight globex session, most likely engineered by the Fed helped pushed the market back into Tuesday's trading range. Whether or not they can hold it up into the open tomorrow, only time will tell, as anything can happen by the time the market opens on Friday.
But whatever happens, as the market opens on Friday, Key Level is 2550 for NQ
- Bullish above, targeting a break above Wednesday's swing high. Resistance above 2550 are 2560, 2572, 2585, 2600.
- Bearish below 2550. Supports are 2535, 2523, 2514, 2503
- Bullish above with resistance levels at 1325, 1328, 1332, 1339
- Bearish below, with support levels at 1314, 1308
EU leaders meet on emergency market measures, basically trying to figure out ways to push the inevitable total economic and financial collapse into the future.
