The PPT were able to push the stock market futures up on Wednesday night to ensure the market open inside prior day range, in order to avoid a crash scenario if the market was allowed to open below prior day low on Thursday.
NQ traded sideways on Thursday with NQ closing at the low of the day, setting up a gap-down open below prior day low ad then trend down, unless they can again push the futures market up during low volume overnight trading hours.
Key inflection price level for NQ on Friday will be 6200.
-- Trading above 6200 could trigger a rally to 6300 resistance where selling can again overwhelm buying. If for some reason the PPT can push NQ up above 6300 we may see further rally.
-- Trading below 6200 is bearish and could attract heavy selling activities capable of overwhelming the buyers.
