NQ tested 2290-2295 support zone on several occasions in the morning on Thursday before breaking above 2315 LIS in the afternoon, then rocketed into the close.
NQ closed above key LIS, but below double-top 2332.50. Breaking above and staying above 2332.50 on Friday should trigger short-covering rally, but failure to break above implies another pullback down to support.
For Friday i will use 2315 as key Line-in-the-Sand.
- Bullish above, targeting a move up to 2350. Short-covering spike can easily break through 2350 resistance.
- Below 2315 implies another test of support 2290-2295 zone.
