On Wednesday, early morning rally for NQ failed to break above 4400 resistance. As expected, its failure to clearly break above 4400 attracted short-selling. NQ then sold off the rest of the day, closing near the low of the day.
Key inflection price level for NQ on Thursday will be 4370.
-- Unless NQ can break back and stay above 4370 on Thursday look for selling to continue. Supports are 4350 then 4320.
-- Trading back above 4370 is likely to cause some short-covering, with first resistance at 4400
