Thursday was a one-directional trending-down day, with the open near the day high and the close near the day low.
Depending on where NQ opens and trades in the early morning, it either tank down in the morning then rally in the afternoon, or rally in the morning up to resistance then trade sideways in a consolidation mode, trading between 2700 support and 2730 resistance. Asustrained break above 2730 could cause a fast short-covering rally.
Key Level for Friday is 2700.
- Below 2700 implies a fast downtrendin the morning, decline to supports, 2660 and 2630.
- Above 2700 implies it is going into a consolidation mode, targeting resistance 2725-2730.
