NQ traded sideways above 4300 key support most of the day on Wednesday as the Fed buying algorithm was parked at 4300 support, knowing that a clear and sustained break below 4300 is likely to unleashed selling activities that can easily get out of control. For Thursday look for 4300 to again be well defended price zone.
4300 would continue to be key support for Thursday.
-- NQ trading above 4300 is likely to keep short-sellers at bay. First resistance is at 4325.
-- Should 4300 support clearly breaks and triggers algo sell programs, lookout below. next support is at 4100
Japanese Central Bank BOJ is now the top 10 shareholders in about 90% of Nikkei 225 companies.
