NQ continued to trade sideways above key support price level 5332 on Thursday. Afternoon selling tanked NQ down to just above 5332 support where it was aggressively bought, and NQ rallied back above 5360 key price balance level.
5360 is again key price balance level for Friday. With employment report to be released before the market opens, anything is possible by the time the market opens.
-- Staying above 5360 is an indication NQ is going to rally up, first upside target is 5385, but there is resistance at 5375.
-- Trading back below 5360 implies a retest of 5332 support. Should 5332 get clearly broken to the downside, selling could get intense, next support is 5317, then 5307.
Debt Ceiling deadline is fast approaching (March 16) but there is already calls for raising of the debt ceiling
