High-Probability Large-Profit Trading Strategies for trading stocks, etf, forex, futures, options, commodities, etc.
A trending up day for NQ on Thursday. With such massive QE by the Fed, 300 billion just to bail out the banks, the rally should continue as buyers piled in to buy and the shorts are forced to exit. The next upside target for NQ is 13,000.
On the intraday basis, NQ could continue to rally to 13,000, or trade sideways in consolidation pattern if the longs decided to take profit ahead of the weekend.
Key support is 12,590.
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