On Wednesday the market spent most of the day trying to break clear above 3610 key resistance, but its inability to breakout attracted late day algo sellers which tanked the NQ down to just above 2580 support.
The end of day profit-taking rally took NQ back up to just below 3600 support-now resistance. If NQ is not able to break-back above 3600 it could attract algo seller that can tank the market hard, expecially if 2580 support is clearly broke.
Key price level for NQ on Thursday is 3600.
-- Bearish below, next support is 3580 then 3545 and 3500
-- Bullish above 3600 but NQ would have to clearly break above 3610 to trigger another round of short-covering rally.
