Both NQ and ES opened with a gap-up to just below their first resistance, strong resistance. Multiple selling programs promptly set in, easily breaking below the gap-close level, after a re-test of the broken gap-close support, it then trend down all day closing at the day low.
For Thursday key level for NQ in the morning is 2930.
-- Above 2930 implies NQ is going into a pullback mode with first resistance at 2960, then if 2960 resistance hold, it should then drop back down to re-test Wednesday's low, or breaking to lower low.
-- More selling below 2930, with support at 2910 and 2900. Unless it gets extreme bearish, either supports 2910 or 2900 should hold and reverse the market back up. However, if market internals gets really bearish, NQ may tank all the way down to 2860 support area.
