NQ Guideline For Thursday

Another non-event day in the market on Wednesday with NQ trading in a narrow sideways range, with no buyers to rally the market upwards, and no short-sellers willing to sell until we NQ breaks below key support level.

That key support level on the 5-minute chart for NQ on Thursday is 4375.

-- As long as NQ stays above 4375 it is likely continue to chop its way up.

-- A clear break below 4375 is likely to trigger some algo sell programs but strong support lies at 4340 area.