Fed-engineered equity market rally on Tuesday designed to make Janet Yellen, Fed Chairperson looks good for Wednesday's testimony before the House Financial Services Committee on regulation and supervision, failed to continue on Wednesday. NQ simply trades sideways on Wednesday.
The battle between central banks and deflation is going to intensify going forward, and it should cause a rise in volatility.
Support for NQ on Thursday will be 4845.
-- Rally should continue above 4845.
-- Selling activities should come back below 4845, with the next support at 4830.
