NQ traded sideways above 7536 key line-in-the-sand on Thursday with a small false-break below it at around lunch time.
With Friday key employment number to be released before the market open, anything could happen. However, key line-in-the-sand will remain at 7536., bullish above and bearish below.
Because Friday tends to have a choppy sideways trading patterns, we could see NQ consolidating above 7536 or consolidating below 7536, depending on where it trades in relation to 7536 LIS.
Of course a highly unanticipated employment number could cause a trending move, although the probability of a trending Friday is low, it cannot be discounted.
