On Wednesday, market opened gap-down to complete it consolidation, then rallied up for the rest of the day, closing just above key resistance 2325. European debt crisis would continue to dominate the financial news.
- For Thursday, staying above 2325 implies the next leg up is underway, targeting 2340, then 2365-2375.
- Below 2325 implies another pullback prior to breaking out, or reversal back down. A pullback should stay above 2300 support. A clear break below 2300 implies NQ is in a reversal mode, if so targeting a decline down to 2275-2285
