Thursday was a typical consolidation type of day, trending down in then morning the reversed, and then trend up in the afternoon, closing just below key support/resistance level for Friday, 2770.
NQ trading pattern for Friday would depends on where it opens and trade in the morning in relation to its key level 2770.
- If it open gap-up above 2770 and then if it can stay above 2770, it is likely to trend up all day for the usual Friday rally.
- Below 2770 in the morning implies it may need to pullback down to re-test Thursday support zone.
Egon Von Greyerz - European leaders lying, Trillions needs to be printed.
