Buy programs continued to target a few key nasdaq stocks including Apple just to keep nasdaq uptrend alive. Buy programs is likely to continue to target nasdaq stocks especially now that the March swing high in NQ is not too far away. However, NQ is now in extremely overbought condition and thus vulnerable to sudden strong selloff.
Key price level for NQ on Wednesday will be 7140 support.
-- As long as NQ can stay above 7140 support, selling should remains under control, add the rally should continue.
-- Breaking below 7140 could attract some selling.
