Lower than expected CPI number on Wednesday confirmed thaty rate cut is coming sooner than expected that triggered buy programs forcing shorts to cover resulting in a nice large trending up day on Wednesday.
With NQ high of the day at double-top, a sustained break on Thursday could trigger another wave of buy programs and short-covering that could push NQ to another new higher high.
Key intraday level for NQ on Thursday is at 18,700, bullish above, bearish below it indicating sideways consolidation pattern.
