Daily trend is currently still up, but it is in overbought zone, and rally momentum on the daily trend is slowing down, every higher high has been sold hard.
On Wednesday the Fed waited until they have announced their decision before they triggered their buy programs, but the rally was sold hard, NQ still close above key support, still in bullish territory.
Key intraday line-in-the-sand for NQ on Thursday will be 7380
-- Bullish above, next resistance is 7480.
-- A break below 7380 is bearish o Thursday with supports at 7320 and 7300
FOMC statement on Wednesday was very dovish
