NQ made another higher-high on Wednesday but traded sideways in a very narrow trading range, and looked ready for a larger pullback down. However, due to the currently extreme bullish market condition any pullback may get bought very quickly unless it is accompanied by bearish market internals.
Key price level for NQ on Thursday is 4035.
-- Staying above 4035 implies NQ is still in rally mode, next target is still 4050-4060
-- Breaking below 4035 could run-over some trailing stioplosses that could quicky tank it down to the next support 4020. It would take some extreme bearish internal to clearly break below 4020. If so the next support is 3990
