On Wednesday NQ opened with a gap-up and then after trending up for period of time, it then spent the rest of the day trading sideways in a narrow trading range. Wednesday's trading pattern was identical to Tuesday's pattern.
It is likely to continue with the next resistance at 4000 for NQ. It is a whole numebr resistance where some algo may be taking profit and reverse, which implies some sorts of a larger pullback down. My upside target remains at between 4025-4050 before we get large pullback, provided NQ can stay above key support which is 3920 for Thursday.
Support for Thursday is 3960.
