Massive rally triggered for President Biden inauguration on Wednesday just to make him look good. The buying binge by the Fed and global central banks is going to continue. However, overnight on Wednesday night, Antifa is wrecking havoc in numerous cities in the US and that could could trigger selling. Who will win is difficult to know, we just have to wait and see.
For Thursday, key support in the morning will be at 13,280. As long as NQ remains above 13,280 in the morning NQ should rally to another new high above Wednesday swing high.
Should NQ trade below 13,280 we could see a quick drop to the next support at 13,220.
