NQ opened with a big gap-up above resistance 2875, but failed to trigger any large short-covering rally, as NQ simply traded in a very narrow-range above broken resistance-turned support all day.
Key level to watch for is 2875 broken resistance now support.
-- Above 2875 implies continual consolidation or rally up to the next resistance level 2910-2910.
-- A clear and sustained break below 2875 may attract selling and could tank NQ down to support levels, 2860 or down to lower level 2844.
Capitulation decline in Gold, look for snap-back rally soon.
