Nasdaq traded sideways inside a trading range, 2780 support and 2810 resistance on Wednesday, down in the morning and rally in the afternoon, then collapsed back to support after the close on Oracle's earning miss. As expected, the released of FOMC minutes was a non-event.
Key Level For Thursday is 2780.
-- If there is a follow-up to after market selling on Oracle's earning miss, NQ should break below 2780 support down to the next support 2755, then 2730--2740
-- Above 2780 implies the daily uptrend is still alive, a re-test and even of 2810 resistance is likely.
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