Nasdaq opened gap-down on Thursday and then consolidated all day into the close. It looks ready to resume its downtrend on Friday, likely in the morning if it can stay below 2780 resistance.
Key Level For Friday is 2780 (Resistance).
-- Below 2780 implies it is ready to resume its downtrend. Downside target is a break below Thursday low and then a break below 2755 swing low.
-- Above 2780 implies NQ is going back up to 2810 resistance.
UPDATE: Germany Warns That Banks In Cyprus May Remain Closed Permanently
