With both the daily and the 60-minute chart time frame in an uptrend, every NQ decline continued to be bought. and as long as the daily trend is still up, any decline should continued to be bought, but with the 60-minute trend in overbought condition the current up-move continues to be choppy.
Late day buy program by the Fed triggered after the release of the Fed minutes faile to attract any follow-up buying as NQ quickly dropped back down to key price inflection level,4503.
-- Trading above 4503 on Thursday is an indication that the uptrend is still in progress.
-- Trading below 4503 implies larger pullback is likely. If so, the next support is 4475
