On Wednesday NQ opened with a huge gap-down to support, then trend down in the morning to the 200-day moving average on the daily chart, now acting as strong support before reversing a rallied.
Key intraday for NQ on Thursday will be 7220.
-- As long as NQ can stay above key intraday inflection price level on Thursday we should see a rally up to resistance 7270-7280 price zone. If resistance hold, we could see NQ dropping back down. However, should NQ breaks above 7280, we should see another round of buying activities and a rally to the next upside resistance 7320.
-- Should NQ trade back below 7220 on Thursday we could see another trending down day.
