Trade Guideline for Thursday (NQ)

A bearish day Wednesday with a close near the low of the day. As we can see, Tuesday rally was just a one-day pullback in a down trending market. The fact that it was just a one-day rally implies that the downtrend is in a fast impulsive mode, a strong momentum move that can slice through supports. It may pause Thursday for a breather, or it may tank again.


Key inflection point for Thursday is 2215 zone.

• Below 2215 implies we are likely to get another wide-range down-day on Thursday, targeting key support at 2185, likely breaking through it, but we cannot rule out a potential bounce from it. 
• Above 2215 implies a consolidation (pause) day targeting 2230, then 2245 if the rally is strong.