A huge opening gap-down for the equity markets on Wednesday with NQ opening down below the crucial 200-day moving average on the daily chart.
Buy programs managed to rally NQ back up to re-test the broken 200-DMA from below. However, unless NQ can clearly break-back above its 200-DMA now at around 4460 NQ is in a freefall mode.
Following another day of Chinese stock market crash on Thursday trading NQ is now trading over 50 points down during evening globex trading. If the bearish sentiment continue into the open on Thursday and stays below the 200-DMA, look for sellers to sell the market hard.
Potential support remains at 4100.
