Trade Guideline for Thursday (NQ)

Shorts capitulated into the close. For Thursday it either continue to trend higher or pullback down first before resuming the uptrend.

Key inflection point for Thursday is 2415, with first resistance at 2425, and first support at 2400.

• Above 2415 implies the trend is still in progress, next target up is 2425. A clear break above 2425 may trigger another round of short-covering spike.
• Below 2415 implies it is going into a pullback mode, target 2400 support. A clear break below 2400 implies a larger pullback, next support below is 2380-2385