The equity market sold off hard in the afternoon on Wednesday after the Fed Janet Yellin spoke to the media and also ahead of the ECB policy decision announcement on Thursday.
NQ rallied a bit into the close on profit-taking. If it is just profit-taking the decline should resumes on Thursday and break key support price level of 4680, lwer supports are 4655 then 4600.
Should NQ be able to rally and stay above 4700 look for NQ to rally back up to retest the recent high, but first resistance above 4700 is 4725.
