On Wednesday with NQ opening below key inflection price level, the first morning trend was down. However once the downtrend has ended, NQ rallied back up to FT Pivot before trading sideways into the close.
With NQ closing right at key inflection price level for Thursday the stage is set for either a decline down to support or rally back up to resistance.
Key inflection price level for Thursday will be 4225.
-- Trading below 4225 is an indication NQ is going down to re-test Wednesday swing low or to a lower low below Wednesday swing low, supports are 4195-4200
-- Above 4225 implies NQ is resuming its uptrend, and likely going back up to above Tuesday's high.
