Wednesday was another narrow-range down day for NQ. Choppy consolidation could lead to a snap-back rally or a fast liquidation down-trending move.
Key Level to watch for on Thursday is 2645.
-- Below 2645 should continue to put downward pressure on the market, with the next support at 2625. If we get a liquidation decline, the next strong support is 2575, then 2500
-- A clear and sustained break above 2645 could trigger short-covering rally, with resistance at 2670
Hurricane Sandy wrecked havoc
