Attempted selloff at the open on Wednesday was aggressively bought, and the buy programs continued all day long into the close. NQ had a large range up day on Wednesday.
With the Fed ready to launch some kind of quantitative easing, one possible format would be forward guidance, buy programs should continue to be very active in the equity market. The gold market, the silver market and the bond market are already anticipating more easing from all central banks until the whole system collapses.
On Thursday support/resistance price level for NQ is 4435, bullish above, and implies rally to continue. Below 4435 is an indication NQ is going into a sideway move before exploding up again, as long as sideways move does not get out of hand.
