As expected, a massive buy programs by the Fed was triggered after they policy announce in the afternoon on Wednesday cause NQ to rally about 600 points from the day low.
The Fed normally follow this type of day with another round of buy programs in order not to disappoint investors and to cause a Santa clause rally the market into Christmas.
In rider to cause a massive rally NQ needs to break above key resistance level at 16,450. A sustained break above price level should cause a massive rally into the year end
Again, key Line-in-the-Sand is 16,450, extreme bullish if it can break above it, but NQ will be bearish if it is not able to break above it.bearish below it
