On Wednesday NQ traded sideways above prior day high in a narrow trading range. Without any new buyers or shorts covering their position, it would just be left to the Fed HFT buying machine to slowly push the market higher.
For Thursday, as long as NQ can stay above 4280 the uptrend should continue with the next major resistance at 4320 area, double-top on the daily chart with December 2014 and January 2015 high.
Breaking below 4280 is an indication NQ is going into a pullback-down mode, the next support is 4267
Greek debt crisis should continue to influence market action on Thursday.
