The Fed overnight buying caused the market to gap-up at the open on Wednesday. Whether or not it is going to continue up on Thursday only time will tell, with the next major resistance is about 2775.
At the end of the day on Wednesday NQ was in wave 5 up from Monday low. Key support for Thursday morning near the open is 2720.
-- Above 2720 implies wave 5 up is still in progress.
-- Below 2720 implies wave 5 has ended, which should result in consolidation or reversal, with first support at 2710, then 2695, 2665.
