Profit-taking ahead of the long Easter weekend pushed the market down all day on Wednesday, but it was choppy and narrow-range.
All major indices are still in a bullish buy mode on the daily chart. Whether or not there will be more profit-taking on Thursday, only time will tell, and in the morning at least, it will depends on where it trades in relation to key price level.
For NQ key inflection price level for NQ on Thursday will be 4400.
-- Bullish bias above 4400.
-- Bearish bias below, and it is an indication more profit-taking is taking place.
With the market closed on Friday, Thursday's trading may get choppy as most traders are already out of their office.
