The usual overnight buy programs designed to cause a gap-up open in order to trigger short-covering rally did just that on Tuesday. NQ opened with a gap-up above key resistance that ignited short-covering rally that lasted all day long.
Unless some unexpected negative market moving news hit the market on Wednesday the uptrend should continue, with a morning pullback or without a morning pullback.
With most traders out of the office until the beginning of the new year market manipulators should not have much problem pushing the market higher.
