Another choppy day in the market on Thursday. Another break below previous day low continued to be bought. With NQ remaining above its breakout price level on the daily chart the choppy price action should continue.
With most traders out of their office on Friday for the long labour day weekend we may see a continual choppy price action.
Key inflection price level remains at 4780, trendline resistance is now at 4785.NQ would need to break above 4785 to possibly trigger some sort of short-covering.
