Another narrow range choppy day for NQ on Thursday, it may be ready to make a move out of the current range, perhaps after the release of the employment report on Friday morning.
The current pattern is a bear flag on the 60-minute chart, implies the next leg should be down. However, because we are dealing with a manipulated market, the pattern could fail, and that in fact, we get a rally instead if the Fed buyers come in aggressively. However, since Friday tends to be choppy, we may get another choppy day again tomorrow.
Key inflection price level for NQ on Friday will be 4305
-- NQ is bullish above 4305, but it would need to clearly break above 4330 to trigger algo buy programs.
-- Bearish below 4305 but it would need to break below 4285 to potentially trigger algo sell programs.
