Nasdaq opened inside prior day range on Thursday, a clear indication that we are likely going to have a no-trending consolidation day.
At the close, we have the following situations:
Daily Trend = Down
60-minute Trend = Down
5-Minute Trend = Consolidation
Key Level For Friday is Thursday's swing low.
--- Above Thursday low implies it is in a pullback mode, with first resistance at 2550.
--- Next target / support below Thursday low is 2500. A clear and sustained break below 2500 could cause a massive liquidation drop, with next support at 2450.
