A bearish day again for NQ on Wednesday. NQ crashed below 13,700 key double-bottom support on Wednesday.
Overnight the sell-off has continued. If the Fed does not come to the rescue by the open we could see massive crash as margin call selling hit the market.
Again key line-in-the-sand for NQ on Thursday will be at 13,700, bearish below it, with the next major support at 12,200-12,400 provide by prior consolidation high from September to November 2020. A crash could cause NQ to drop down to that support and /or crash through it.
