A wide-range down day for NQ on Wednesday. NQ opened and then broke below key support which triggered massive algo sell programs that tanked NQ down very hard, crashed through several support levels. The selling continued all day into the close.
Whether or not NQ would sell-off again on Thursday or consolidated the large decline would depends on where NQ trades in relation to its key price level
Key price level for NQ on Thursday will be 4345.
-- Failure to clearly rally above 4345 is an indication NQ is likely to continue to go down to lower level before consolidating. The next support level is 4300 and then 4280.
-- Clearly trading above 4345 implies NQ is going into a pullback-up mode.
