Just a small mentioned of tapering by the Fed was enough to tanked the stock market in late afternoon. All major indices had broken and close below their respective 20-day moving average on the daily time frame.
Unless it can recover and rally back above their respective 20-dma, we could see a big sell-off very soon and it could happen on Thursday. If so the next support on NQ is at 14,700
Intraday inflection price level for NQ on Thursday will be at 124,940. The next resistance at 15,020, and support at 14,840
