For NQ, the late August-early September swing high of 7725 continues to be a formidable resistance with double-top selling stopping every attempt to break through that level to the upside. NQ would need to break to the upside soon before selling totally overwhelm buying and tanking NQ down.
Key inflection price level for NQ on Thursday will be at 7675, the 200-period moving average on the 5-minute chart. Strong resistance is around 7725, and strong support is around 7580
-- NQ is bullish above 7675, especially if overnight market manipulator is able to cause an opening gap-up to above 7675.
-- NQ is bearish below 7675, with critical support at 7653. A break below 7653 could tank NQ down to 7580 support.
Current NQ trading range on the daily chart is 7580-7725
