A sideways trading action for NQ on Thursday following a trending up day on Wednesday. As long as NQ remains below 20,500 resistance level NQ is going to remains in a sideways trading pattern..
Key intraday support for NQ on Friday will be at 20,400. A break below it is an indication it is going to retest trading range support at 20,200.
A break above 20,500 could trigger a short-covering rally with the next upside target at 20,800-20,900. However, with Fridays tendency to be a choppy yype of day NQ may have to wait until next week yo trend above 20,500
