NQ traded sideways in the morning on Wednesday only to sell-off very hard after the FOMC policy announcement.
Although it snapped back up to its key resistance, the 200-ma on the 5-minute chart after selling off very hard following the FOMC announcement.
NQ has now traded back below key support and line-in-the-sand for NQ for trading on Thursday, the day low of the breakout day, 13,960.
If NQ should open below 13,960 on Thursday we could potentially see margin selling in the first 15-20 minutes after the open. If so, key support is at 13,780, a very strong support.
