NQ immediately pullback down soon after the open on Thursday, briefly breached 3780-85 support, down to 3775 support before rallying back up to close in the middle of the day range.
With gold surging over $50 per oz on Thursday, it is likely the equity market may have topped and may soon be ready to begin a bear market decline.
Key support for NQ on Friday is 3775.
-- Staying above 3775 is an indication NQ is likely to stay choppy.
-- A break below 3775 is likely to trigger a liquidation decline but Friday tends to be choppy so any selloff may attract Fed buyers that can push the market upwards.
