On Wednesday, NQ traded sideways following a strong down-trending day on Tuesday, with resistance at 3085 and support at 3050.
For Thursday NQ can certainty continue to trade sideways unless it can get a clear breakout of the trading range 3050 - 3085 that is accompanied by extreme bullish/bearish market internals, otherwise it is just going to falsebreak out of the range and then reverse.
The upcoming US military action against Syria, which can occur at any moment, is certainly going to influence Thursday's trading action, and it is likely to have a very negative influence on the market, unless of course the Fed is going to support any sell-off that may occur.
