The unexpected dovish FOMC announcement on Wednesday, signalling rate cut sooner that widely expected, triggered buy programs after the announcement caused a large rally.
The rally may continue in the morning on Thursday. For NQ its intraday support is at 18,500, with key resistance at 18,685, the recent swing high..
Should NQ breaks above 18,685, we could either see massive spikes or sharp reversal. As such, 18,685 will serve as key price level for NQ on Thursday.
Key support is at 18,500 and key resistance at 18,685.
