On Thursday, NQ opened with a gap-up above prior day high, then trend up without closing the gap or retesting prior day high. As such, short-selling algos were caught on the wrong side of the trade fueling the rally.
Key support for NQ on Friday is 7335, which is June swing high.
-- As long as NQ remains above 7335 selling should remains under control.
-- Should it break-back below 7335, the next support is 7290
-- A break below 7290 implies reversal, and is likely to trigger liquidation selling, see chart below
