Central bank failed to push the stock market up on Thursday, the market now closed in the red for the day.
It is interesting that NQ on the daily chart is stuck between strong resistance the 50-day moving average 9100 and strong support the 200-day moving average at 8200.
NQ can drop down to support 8200 in one day, and can also rally to resistance 9100 in one day. Market forces is selling, and central banks are buying.
Who ultimately will win? We just don't know, but any rally towards the 9100 area is a high probability sell zone first target is a break below recent low, below 8150.
