As usual, after a large up trending day on Wednesday, NQ traded sideways in a narrow consolidation trading range on Thursday. It usually has to consolidate the large gain.
Unless NQ can clearly break up above Thursday high, look for another consolidation day on Friday trading between Thursday swing high and first support at 5770. Unless the market turns very bearish look for 5770 support to hold.
Thus, a break below 5770 could trigger selling to take NQ down to the next support zone between 5720 to 5735.
Janet Yellen concluded her 2 days testimony at the capital Hill on Thursday
