The Fed buy program triggered after the cash market was closed when most traders are out of their office rocketed NQ up about 100 points in a span of 5-minute. The fear is a break below the 200-day moving average. What will they do on Friday will be more of the same, buy programs.
NQ resistance now is 6770, support is at 6600.. A sustained break above could trigger further rally, while a break below support could trigger a selloff. Remaining inside the range could result in a choppy sideways price action.
