NQ finally found support in the morning at 4300, then spent the rest of the day rallying in a very choppy fashion, clearly short-covering ahead of the weekend. NQ would need to clearly break above 4345 to potentially trigger algo buy programs.
Key inflection price level for NQ on Friday will be 4330.
-- Bullish above 4330, but key resistance is at 4345. A sustained break above 4345 has the potential to trigger algo buy programs. If so, resistance are at 4370, 4380, 4390, 4400.
-- Bearish below 4330, support is at 4300. A sustained break below 4300 has the potential to trigger algo sell programs.
