Following a massive rally on Wednesday NQ simply traded sideways in a consolidation pattern on Thursday. With Friday's tendency to traded sideways, there is a high probability NQ may continue to consolidate its recent rally as long as it can stay above key support.
Key support for NQ on Friday will be 5290.
-- IF 5290 support remains intact on Friday look for NQ to either trade sideways or rally to another higher high.
-- Trading below 5290 could trigger sell programs to take NQ down to the next support level, 5260
