Nasdaq finally broke above the last two day trading range, then trend-up, breaking above last week Friday swing high before dropping back down for the end of day profit-taking decline.
Key Level For Thursday is 2860.
-- Above 2860 implies the trend that started on Wednesday is still intact, next target up is 2880 - 2900.
-- Below 2860 implies trend has ended and potentially reversing back down. Support are 2850, then 2840. Breaking below 2840 has the potential to trigger stop-loss, triggering a fast drop down to 2820-2825 strong support zone.
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