A sideways choppy narrow-range day for NQ on Wednesday with a close at the high of the day, just above Thursday key inflection price level, 4290.
-- IF NQ can stay above 4290 on Thursday, it would put NQ into bullish mode, but first resistance is at 4310
-- Bearish below 4290 but 4260 will be key support for NQ on Thursday. Only a clear and sustained break below 4260 has the potential to trigger massive also sell programs.
With the daily timeframe still in bullish mode a sustained break above 4310 could turn the 60-minute time frame bullish, and could trigger a sharp rally.
Commodity Index is showing a breakout above the down-trendline and about to break above the right shoulder of the bullish inverted H&S pattern.
