Thursday's early morning break to the downside was promptly reversed back into the trading range 2575-2600, and then closed at the upper trading range.
For Friday NQ may try to breakout of the upper range, and if not promptly reverse could trigger another round of short-covering rally, targeting 2610-2620.
For Friday NQ may try to breakout of the upper range, and if not promptly reverse could trigger another round of short-covering rally, targeting 2610-2620.
Key Support/Resistance Level for Friday is 2590.
- Above 2590 implies attempted breakout above 2600. If not reversed immediately could propel price to go up to 2610-2620.
- Below 2590 implies a re-test of lower trading range 2575
