NQ sold-off on Wednesday morning soon after the open, dropping down to support 11,350-11,400 support zone where many algos went long to continue the short-covering rally.
NQ m,ay have one more rally day before the short-covering ends, we shall see. If so we could see NQ rallying up to the next resistance at 11,780. Will it nbreak above that resistance, it is difficult to say. But is is quite a strong resistance zone.
Key intraday line-in-the-sand is at 11,600, bullish above, bearish below it
