With the stock market ready to crash on Tuesday, buy programs was very busy at work all night on Tuesday night when the market was trading with very light volume, thus easy to manipulate with much smaller amount of trading capita.
The huge gap-up open was designed to force the shorts to cover thus cause a rally. As such, without real buyers, the rally was very choppy.
Key price level for NQ on Thursday will be at 13,715, with key resistance at 13,750 and key support at 13,650.
A clear breakout of the range 13,650-13,750 either produce a trending move out of the range or breakout add reverse sharply.
