As short-covering rally continued on Wednesday both the S&P 500 and the Dow made another higher high on Wednesday, with Nasdaq NQ, being dragged down by Apple, just short of making a new higher high. NQ traded between R1 resistance and S1 support on Wednesday
For Thursday, with the market in extreme bullish condition, as long as pullback down does not violates important support level, the uptrend should continue. Key support for NQ is 2982.50.
Equilibrium Level / FT Pivot for Thursday is 2996, bullish bias above, bearish bias below.
Equilibrium Level / FT Pivot for Thursday is 2996, bullish bias above, bearish bias below.
