NQ opened above prior day high on Wednesday, set to breakout, but has to trade sideways for a while until the Fed triggered massive buy programs for the Fed Chairman speeches, just to make him looks good. Buy programs rocketed NQ upward to resistance and then close at the day high.
On Thursday, following a huge up-trending day on Wednesday NQ is likely to trade sideways, but, although not likely, if the Fed would continue their buy programs on Thursday we could also get another up-trending day.
Key inflection price level for NQ on Thursday will be 6860
-- A break below 6860 implies NQ is going lower, next support is 6820
-- Staying above 6860 implies NQ is going higher, next resistance is 7000
-- Staying above 6860 implies NQ is going higher, next resistance is 7000
