The market tanked hard after the released of the FOMC minutes on Wednesday. The FOMC minutes clearly indicates the Fed is in panic mode, as they continue to juggle between keeping the dollar from collapsing and keeping the gold price suppression scheme from imploding, not an easy task. Dollar collapse, stock market crash and gold uncontrollable rally is not that far away.
Again, NQ dropped down to 4300 support and bounce, making 4300 key price level to watch on Thursday.
-- Trading above 4300 implies more consolidation or rally day for NQ.
-- A clear break below 4300 is going to trigger an avalanche of sell order.
Here is a potential equity market trajectory going forward.
