NQ Guideline For Thursday

Without any new buyers or short-covering, the Fed was not able to hold the equity market up on Wednesday, as NQ simply traded sideway with a slight downward bias.

 

Without any new buyers or short-covering NQ may continue to trade sideways with a down bias on Thursday, unless of course the Fed buys aggressively. Next support is 4530.

 

Japan hope that their helicopter money program could hold down the value of the Japanese yen