On Wednesday, buy programs pushed NQ up to 4670 key resistance but was not able to break out above it, a failure attracted short-seller pushing NQ back down to the low of the day.
With NQ currently in a pullback down mode on the daily chart, a break below its recent low 4615 is likely to trigger numerous strong selling algorithms.
Key resistance for Thursday will be 4670 and key support is 4615.
-- A break our of 4615 - 4670 price zone is likely to trigger a strong breakout in the direction of the break.
-- NQ would stay in a choppy mode inside the 4615 - 4670 trading range.
