On Wednesday after their policy announcement, the Fed triggered massive buy programs to push the stock market up towards triple-top resistance.
The Fed buy programs tends to continue the next day after the FOMC announcement, and they are likely to try to push NQ up above triple-=top resistance in order to force the shorts to cover and cause a massive rally.
As such, key price zone for NQ is now and going forward is at 13,300-13,325. A sustained break above 13,325 is likely to trigger massive short-covering that would rocket NQ up to re-test February swing high within a few days.
Failure to break above 13,325, or a false-break above it, would cause a shrp decline back down.
Intraday Line-in-the-Sand for NQ on Thursday will be at 13,200, bullish above, bearish below with first support at 13,100
