After a large down day on Wednesday, Thursday was a consolidation sideways type of day, with NQ rallying back up to key resistance, 6380, and closed just below it
NQ would need to mount a sustained break above 6380 to keep selling from coming back and tank NQ back down again.
Thus, key price level for NQ on Friday is 6380.
-- Breaking back above 6380 could cause further rally.
-- Failure to break back above 6380 could attract another round of selling that could tank it hard. However, with Friday tending to be a choppy consolidation day, NQ may simply trade sideways as usual on Friday.
