A choppy sideways pattern for NQ on Thursday, with NQ rallying in the morning then reversed and sold-off in the afternoon.
The volatility should continue as selling pressure resulting from global credit contraction tends to overwhelm buyers causing the market to have wild intra-day swings, a clear signs that the market is topping, but not quite ready to sell-off. The markets needs to clearly break above the high to negate potential sell-off.
Key price level for NQ on Friday will be 4500. Note that Friday tends to be a choppy sideways type of day
-- Bullish above
-- Bearish below
