A narrow-range sideways consolidation day for NQ on Wednesday, a day after a very large up day. A narrow rage day is a setup for a large move, either up or down, depending on where it trades in relation to key price inflection level.
For NQ on Thursday key price level will be 4300.
-- Staying above 4300 is an indication NQ is still in a fast move up without a larger pullback down move, next resistance is 4400.
-- Trading below 4300 implies NQ is going into a larger pullback down move, with the first support at 4270.
