The first morning trend on Wednesday tried to break-down below support but failed to break and stay below, then reversed back up, running over trapped shorts, easily broken above resistances, trend all day and close near the day high, a bullish momentum into the close, setting up a potential opening gap-up int he morning.
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Key price level for NQ on Thursday morning is 4075.
-- Trading above 4075 is an indication the uptrend that started on Wednesday is still in progress, next resistance is 4100, then 4113.
-- Trading below 4075 implies NQ is going into a consolidation or has reversed back down again, first support is 4060. If 4060 support does not hold, NQ is likely to test 4035 support again.
