After trending down to 200-dma support on Wednesday NQ consolidated and trade sideways on Thursday setting up another trending down day on Friday.
Key support on Friday is again at the 200-dma on the daily chart, now at 7190 as of Thursday's close.
-- Should NQ trades below 7190 on Friday e could see another large down day on Friday with possible targets at 7100 and then 7000 - 7050.
-- If NQ stays above 7190 on Friday we could see another choppy sideways trading pattern, the usual pattern for Friday.
NQ has now traded down to below 7190 key support in overnight trading. Unless the PPT can push the market up by the opening bell, we should see liquidation selling down to above targets, 7100, 7050 and 7000.
