As expected, Wednesday was a pullback-down day for NQ with the close near the low of the day. However, after the released of Apple and Facebook earning after the market has closed, NQ rocketed to above Tuesday's swing high.
NQ has stayed above Tuesday's swing high since the released of the earning reports, and if it can stay above Tuesday's high at the open on Thursday it has the potential to trigger a fast short-covering rally, as long as key support is not violated on any pullback down.
Key price level for NQ on Thursday is 3585.
-- As long a it can open and stay above 3585, it will be bullish, the next upside resistances are 3620 then 3670.
-- Below 3585 is an indication that NQ is heading towards Wednesday's closing price.
