With the Fed release of their minutes from their March meeting it is clearly understood they were likely to engineered large buy programs in order to rally the market, particularly when they know that so many investors are shorting the market.
Since major stock indices has not been able to rally more than one day at a time, it should not be a surprise if the market consolidate on Thursday, unless of course major buy programs can hit the market again.
Key support level going into Thursday trading will be 4515.
-- Staying above 4515 is an indication Wednesday rally is still in progress.
-- Breaking below 4515 is an indication NQ is going into a consolidation mode with the first support at 4495.
