Another large down day for NQ on Thursday as traders and investors continued to get liquidated by the forces of deflation.
Going forward, if the stock market continue to sell-off, we have a high probability of a 1987 style crash as momentum algos continues to sell into decline.
Key price level for NQ on Friday is the Friday swing low of 6180.
-- Trading above 6180 should keep sellers under control until it has rallied up to resistances, 6320 and 6400.
-- Breaking back below Thursday low is an indication NQ is in crash mode, there is no more strong support until way down.;/
