After a sharp morning decline NQ rally sharply all day into the close, with the high of the day just below strong resistance zone, 19,290-19,350.
NQ may have to consolidate before breaking hrough the above resistance zone, the consolidation support will be at 18,850. This support zone has to hold to stay on the bullish side.
Thus, the key price level for NQ on Thursday will be at 19,290-19,350, bullish above, bearish below.
The wild price swings is going to continue until after the next FOMC policy decision announceme next week.
