The market tanked hard after the FOMC announcement, as many investors still believe the Fed, but the Fed quickly come to the rescue and push the market up non-stop into the close.
The Fed usually keep their buy programs for a few more days just to keep the market up, As such we should see perhaps another strong up day on Tuesday with the next upside resistance at 14,500.
The Fed knows there are so many short-sellers that would be forced to cover on a move above 13,400, thus help propel the market higher.
Key intraday line-in-the-sand for NQ on Thursday will be at 14,000, bullish above it, next resistance is at 14,500. Bearish below it with first support at 13,850, then 13,750 then 13,400.
