As usual, the manipulated market opened with a gap-up on Wednesday, intended to trigger a short-covering rally, but it failed.
After making a higher high above prior day high soon after the open, NQ sold off all day with the close below prior day low and at the low of the day, a bearish reversal day, setting a multi days pullback down with a downside target at 4300 for NQ.
Key resistance price level for NQ on Thursday will be 4435.
-- As long as any rally does not clearly violate 4435 resistance area NQ should continue to go lower to below Wednesday swing low, next support is at 4390 then 4360, target down is 4300.
-- Clearly breaking above 4435 is an indication NQ is likely to go back up to above Wednesday swing high.
