Ahead of the important non-farm payroll numbers on Friday, NQ simply traded sideways on Thursday, still trading above 5125 key support. Very clear bearish divergence on the Dow and S&P 500 daily chart remains valid.
5125 will again be key support price level for NQ on Friday. Non-farm payroll report could move NQ out of the current trading range.
-- Remaining above 5125 is an indication NQ may just continue to trade sideways.
-- Trading below 5125 is likely to trigger some selling. If so lower supports are 5095 and then 5083
Nonfarm payroll is a monthly report generated and reported by the U.S. Bureau of Labor Statistics intended to represent the total number of paid U.S. workers of any business.
