Wild swing in the market after the FOMC policy statement was announced. We can clearly see that key support is now at 17,400 and key resistance at 17,800, that's 400 points trading range.
On Thursday trading above 17,400 implies choppy sideways or a rally back to 17,800 for NQ. If NQ can break and stay above 17,800 we can see a fast move up to 18,000-18,100.
It is a crazy market, the FOMC was giving a mix signal on Wednesday, so anything is possible. Trading below 17,400 would be a clear indication NQ is going down to 16,700.
