With both the Dow and the S&P 500 still trading below their January swing high, dragging down the overall market, NQ was not able to rally, but instead traded sideways just above its key support price level, now at 7030, a price level at breakout day swing low just above where breakout trades trailing stop-loss congregate.
Thus key price level for NQ going into Thursday trading session will be 7030.
-- A clear break below could trigger heavy algorithms selling. If so, lower supports are 6900 then 6800
-- Remaining above 6730 support could results in either a sideways price action or a rally day.
Global trade war between the United states and the world dragged Boeing stocks down on Wednesday
