A typical Friday pattern for NQ on Friday, a sideways consolidation pattern, with NQ trending down in the morning then followed by afternoon rally.
Key price level for NQ in the morning will be 4500.
-- Above 4500 short-covering should continue with the first resistance at 4530. Failure to clearly break above 4530 is an indication the current downtrend is going to resume without further pullback. Breaking above 4530 however implies a move up to the next resistance 4550.
-- Below 4500 the sell-off should resume, next support is 4440.
