On Wednesday NQ opened with a gap-down below key inflection price level 7125, then briefly rally up to retest it before tanking down, breaking key supports.
With the daily chart still in a uptrend the decline stalled at ADR downside targets and then rally back up to the same price level, 7125 and close right at those level, setting up either a rally up or a decline back down on Thursday.
Key price level for NQ on Thursday will be around 7120.
-- Bullish above it, first target up is a break above Tuesday swing high.
-- Bearish below it, implies a retest of Wednesday swing low.
