Continuous battle between market forces that is pushing the market downward and central banks that is pushing the market up, continues to rage on, causing heightened volatility in all markets, equity, commodities, forex, etc.
On Wednesday the stock market sold off hard in the morning until the Fed buyers came in with massive buy programs to push the market up, NQ rallied back up to key price inflection zone 4190-4200, which should remains the key price zone for Thursday.
If the Fed can push NQ back up above 4200 it could trigger some short-covering which may propel the market higher.
However, inability for NQ to break-back above 4200 could attract renewed selling, support is again 4100.
