Another uninteresting narrow-range up-day for NQ on Thursday. Until NQ can get a decent pullback down move, it is going to continue to be choppy and narrow-range. However, there is a very clear bearish divergence on the 60-minute chart MACD, so may be ready for a larger pullback down move.
Key support for NQ on Friday will be 4400.
-- Bullish above 4400, an indication NQ is still continuing its uptrend.
-- Breaking below 4400 implies a larger pullback down move, first support is 4385
Germany and Greece are on a collision course ahead of crucial bailout talks on Friday
after Berlin knocked back a Greek compromise proposal and insisted the
country stick to its existing austerity plan.
Setting the scene for a make-or-break meeting in Brussels , the
eurozone’s largest economy dismissed as “not substantive” a proposal
from Greek finance minister Yanis Varoufakis,which appeared to have all
but capitulated to creditors’ demands.
