With all talk and no action by the Fed, NQ rally continued on Tuesday. All major indices also has a very strong rally.
The Fed has not started to taper, they are still printing 200 billions monthly. As such there is so much liquidity in the system and the market is reflecting this and melting up.
With non-stop money printing (200 billion monthly) and no interest rates increase to be expected the stock market should continue to rally.
Key resistance for NQ on Wednesday will be at 15,150, bullish above with the next resistance at 15,650, bearish below with first support at 14,500.
