After Trump tweeted that he is willing to negotiate the stimulus package with the democrats the market was engineered higher overnight on Tuesday nigh and NQ opened with a huge gap-up on Wednesday. The shorts were then forced to cover, NQ rallied all day to 11,500 resistance.
Resistance zone remains at 11,500-11,600. Should NQ failed to break above 11,600 we could see another rounds of distribution selling that could tank the market down quite hart.
Key support for NQ on Thursday will be at 11,430. A break could tank NQ back down to supports, first support at 11,340-11,350, then if 11,340 is violated the next lower support is at 11,150-11,200.
