Another up day for NQ on Wednesday courtesy of the Fed liquidity injection through the repo market. The Fed needs to continue to pump larger and larger amount to liquidity into the system to avoid catastrophic collapse. However, it cannot continue forever, it will end badly. For now, the equity market continues to march higher, almost on a daily basis.
Key inflection price level for NQ on Thursday will be at 9605.
-- Bullish above it, with the next upside target at above Wednesday swing high.
-- Trading below it could trigger some short term intraday selling programs, first support is at 9560.
