On Wednesday NQ opened with a huge gap-down but then rallied sharply until the end of day profit-taking tanked the market down to closed somewhere in the mid-range.
After the close, Apple announced a disappointing earning that tanked the market hard in overnight trading, setting up a potential selloff day on Thursday.
Key price level to watch on Thursday will be 6200.
-- Trading below 6200 could run over trailing stop loss for the bulls and triggering a cascade of sell orders, potentially tanking the market.
-- Opening above Wednesday swing low could cause a morning rally. First resistance where sellers could come in large numbers will be around 6330.
