Trade Guideline for Friday (NQ)

Employment report will be released before the market open on Friday. Perhaps Thursday's massive sell-off was in anticipation of bad employment report to be released tomorrow. NQ is nearing June swing low. It is likely NQ would break below June swing low before it can get a one to four days pullback up.

Lower low target and support for NQ is 2170. Is NQ going to consolidate above June swing low? or crash right through it? only time will tell, and that time is likely tomorrow Friday, by the open. A tank down to 2170 can bring in some profit-taking rally that can last one to four days.

Key level on the 5-minute chart is 2250. 

• Below 2250, the market is still in sell mode, next target down below Thursday low is June low, then  is 2170.
• Above 2250 implies a potential short-covering rally up to 2280 - 2300