Wednesday was the second consolidation day following a trending Monday. Now that Trump trade deal has been signed the market should start to move again
Depending on the amount of liquidity the Fed is going to inject into the system tonight will determine the market direction on Thursday. The market simply traded sideways on Wednesday when the Fed only injected $50 billion, so we shall see.
Key inflection price level on NQ for Thursday will be at 9070
-- Bullish above it, and if the market should trend up, the next upside target is 9170 to 9200. If the market remains in choppy mode, the next upside target is 9120
-- Bearish below it, and if the market should trend down, the next downside target is 8970. If the market remains in choppy mode, the next downside target is 9000
