NO Tapering on the QE, implies QE forever. The Fed has NO way out. The markets, equities, Bond, Gold all rocketed following the announcement.
The uptrend should continue until it has exhausted all the buying pressure both from short-covering and buying from cash still on the sideline. Having said that, we must watch key level going forward. Though not expected, breaking back below the key level implies it is reversing trend
Key Level For NQ going forward is 3185.
-- Above 3185 implies the uptrend is to continue to the next upside target, which is 3250.
