On Thursday NQ opened above key support triggering buy programs rocketing NQ up to resistance again before afternoon selling sets in. It seems like every morning rally is then followed by afternoon sell-off, a very common pattern worth noting and observing.
For Friday the key inflection price level / the balance point is at 7640
-- Above 7640 implies NQ should rally to above Thursday swing high before selling comes in.
-- Trading below 7640 could trigger intraday algos selling. If so support is at 7570 which is the 20-dma on the daily chart.
