A trend up day for NQ on Wednesday. With every central banks pumping massive liquidity into the financial system the current bullish rally should continue for a while longer until the effect of liquidity infusion into the financial system runs out of positive effect, and deflationary forces takes over
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On the NQ daily trend, key price level for NQ rally to continue is 8200. Above 8200, NQ rally should continue, and may accelerates as the shorts scramble to cover.
On the intraday timeframe, key line-in-the-sand for NQ on Thursday will be 8960
-- Rally should continue above 8960. Next upside resistance is 9250
-- NQ is likely going into pullback down mode below 8960, support is at 8820
