On Tuesday NQ opened with a gap-up into overbought zone, thus needed a pullback down to support before rallying back up again, which was exactly what it did.
On Wednesday with NQ closing just below key resistance of 13,000, if NQ pushes above 13,000 at the open, and then stay above 13,000, we could see NQ rocketing up to the next resistance at 13,120 and above.Failure to stay above 13,000 could cause sharp selling, with supports at 12,920 then 12,800.
The Fed may want to keep buying the market pushing it up for President Biden inauguration.
