The stock market continued to trade sideways again on Wednesday and the FOMC policy announcement did not change anything as there was nothing new.
Although NQ remains in breakout mode the lack of any new buyers is holding NQ back and not allowing the usual strong rally during a breakout mode. At the same time, sellers are held back from selling during a breakout mode thus keeping the market in a choppy narrow-range sideways pattern.
Key inflection price level for NQ remains at 5935 on Thursday and key support remains at 5900.
