NQ Guideline For Thursday

The 4 key phrases from today's FOMC Statement on Wednesday were:

• "Strong Jobs Gains" instead of "Solid Job Gains",
• "Considerable time" sentence dropped entirely
• "Solid Pace" instead of "Moderate Pace" For Economy
• Add "Inflation is anticipated to decline further in the near term" as new language

A hawkish policy statement, sent stocks, crude, and bond yields down on the news.
 
Unless the Fed somehow would come out with new statements that would nullify or contradict the above, or the Fed would come out with unlimited buy programs, which we cannot rule out, the sell-offf may have just begun. We shall see in the next few day if Wednesday's sell-off can get confirmation.

Key inflection price level for NQ on Thursday will be 4160.
-- Bearish below 4160, next supports are 4100 and then 4080. A clear and sustained break below 4080 could tank NQ quickly down to 4000.