On Wednesday, the day before thanksgiving, the market traded sideways in a choppy narrow trading range.
The market will reopen for trading on Friday but with most traders still out of the office we could have another narrow range choppy day just like Wednesday. However, with think trading, there is always the possibility the market movement could get exaggerated.
Key price level for NQ on Friday will be 6545.
-- NQ is bearish below 6545, with potential downside supports at double-bottoms, 6400 and then 6250
-- Trading above 6545 should keep selling under control, implies a choppy sideways consolidation type of day or a rally if shorts decides to cover ahead of the weekend.
