NQ opened with a gap-up above key resistance, 6018, on Thursday. Then when support held on a test in the morning, buyers came in to buy the breakout, triggering a sustained rally into the close, setting up either another trending up day or sideways consolidation pattern.
Key price level for Friday will be 6050
-- If NQ can stay above 6050 on Friday look for another up trending day.
-- Breaking back below 6050 implies NQ is going to consolidate and trade sideways inside a trading range, with support back at 6018, resistance at 6050.
