On Wednesday NQ opened with a huge gap-up to just below double-top with October 2018 swing high. The huge gap-up opening attracted profit-taking selling and double-top selling, pushing NQ back down, generating a bearish reversal day, the open near the high and the close near the low of the day.
This type of day is usually followed by another bearish day. To do so, we need to see NQ trading below key intraday support, which is at 7680.
If NQ remains above 7680 support on Thursday, we could see another rally attempt to break above October 2018 high, or it may just simply trade sideways ahead of the long weekend.
