With crude oil price dropping back down after three days of rally, after rallying all day, NQ finally tanked toward the close, dropping down to key support, 4200, a key support for Thursday trading action.
For NQ to continue to rally to higher-high on Thursday, 4200 support should hold in the morning on Thursday. Clearly breaking below 42000 is an indication of weakness and that NQ is going down to the next support level, 4160.
The price of crude oil should remain the main determinant of stock market trend direction on Thursday.
