Wednesday was the fourth consecutive down-days, with minor support at 2718 holding up the decline, for now at least. On a break below 2718 the next minor support that may halt or slow down the decline is 2700.
Below 2700 the next support is 2650. It is possible going into the weekend that we may get a pullback up day or days, especially if either 2718 or 2700 support can hold.
Key level for Thursday is 2718.
-- Above 2718 implies NQ is in a consolidation / pullback-up mode with the first resistance at 2745-47. It would take a very bullish day to clearly break above 2745-47 resistance. However, should it breaks, a sustained break above 2747 has the potential to trigger a short-covering rally that can push price up to 2763 resistance and 2773-75 resistance.
