After closing the opening gap, and with Obama's military strike on Syria put on hold, at least for now, caused the short-sellers to cover, trigegring s short-covering rally all day and into the close.
For Thursday, key level to watch for is 2125.
Any major change in the US policy regarding a military strike against Syria could change the market dynamics very quickly. But should there be no change, the market should continue to rally, as long as it can stay above 2125, as the shorts will continue to cover.
-- However, below 2125 implies NQ needs a consolidation before the next trending move.
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