NQ opened inside prior day trading range on Thursday and then attempted to breakout to the upside but failed. The failed breakout was quickly and swiftly reversed, easily broke below and stay below prior consolidation support zone triggering selling algorithm that took it down to the next support zone before pausing and pulling back up for the end of day profit-taking.
Key resistance for Friday is 2690.
- If it remains below key resistance level, it should continue to tank.
- A break-back above key resistance level implies it is going into consolidation mode, targeting a move up to 2700-2705.
