With most traders out of the office for the long easter weekend, I am not expecting a trending day on Thursday, in fact, the market may just chop around inside a trading range -- could be narrow trading range -- on Thursday. With that in mind, we must always be on a lookout for the unexpected event that can move the market, such as the conflict in Ukraine.
Key support for NQ on Thursday is 3480 and 1840 for ES. As long as support hold the market should stay on the bullish side. The market has to clearly break below key support price level to trigger algorithm sell programs.
