NQ remains above breakout price level and making another higher high. The rally continues to struggle, slow and choppy as insiders continues to download their shares ahead of sharp-selling activities soon to occur.
On the short-tem intraday timeframe, support for NQ on Thursday will be about 5180.
-- Without much profit-taking selling at the end of the day on Wednesday NQ traders may decide to take profit in the morning on Thursday, with support at 5180. As long as 5180 is not clearly violated NQ should then rally to another new higher high.
-- Breaking below 5180 is an indication NQ is going back down to breakout level, 5164 area.
