NQ rally for the second day in a row on Wednesday breaking above prior swing high, setting up either a continual rally, or a pullback down mode.
Key price level to watch for now is 6540. As long as NQ remains above 6540, selling should remains under control. Breaking back below 6540 is bearish, and likely to break heavy selling pressure, even if just temporarily.
On the short term time frame key price level for Thursday is 6580
-- If NQ can stay above 6580 on Thursday, rally should continue.
-- Breaking back below 6580 implies NQ is pulling back down and consolidating, with support at 6540.
