Wednesday was a down-day for NQ with the opening near the day high with the close near the day low. Whether or not the Wednesday's decline has ended we have to wait for Thursday.
Key Level For Thursday is 2792.50 area.
-- A break above 2792.50 area implies Tuesday's-Wednesday decline leg 1-2-3-4-5 has ended. If so, it should be followed by a pullback up, in the form of ABC Wave pattern or 1-2-3-4-5 wave pattern., with the first set of resistance at 2805-2810.
-- Below 2792.50 implies more decline to follow, with the next support at 2770, then 2755
NQ 5-Minute Chart
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