Another sideways consolidation day on Thursday, the 5th day in a row, and remained above support. NQ rallied in the afternoon into the close, likely ready to rally back up above prior swing high established on Monday.
If so, and whether or not a breakout above Monday's swing high would lead to a trending-up move, only time will tell, as the market is highly manipulated, and anything is possible.
A breakout above has the potential of triggering a trending move up, next upside target is 4200.
A breakout that does not hold implies a reversal back down to 4150 - 4160 area.
Key price inflection level on Friday remains at 4150, and it is currently a support price level for NQ as it closed above 4150 on Thursday.
