A very volatile early morning session for NQ on Wednesday, with a sharp rally followed by a sharp decline then sharp rally again as sellers and buyers fight for dominance.
Buyers eventually gain dominance as sellers has to cover their shorts. NQ close at the high of the day on Wednesday setting up a bullish day on Thursday as long as NQ remains above key support at the open.
On Thursday key support will be at 14,660. Bullish above, and bearish below it. If NQ can break above 14,850 we could see sharp rally as shorts may be forced to cover. If so the nest up[side resistance will be at 15,350
With so many market-moving news event, anything is possible, market can go up or down unexpectedly.
