NQ Daily Trend = UP
NQ 60-minute Trend = UP
NQ 5-minute Trend = UP
On Thursday NQ pulled back down from overbought territory and then traded sideways all day, closing at the high of the day.
With many investors still waiting for the FOMC policy decision announcement next week we could see continual choppy action until the FOMC announcement next week.
Support going into Friday trading is 7920, resistance is 7980
-- NQ may stay inside the range between 7920 to 7980. As Friday tends to be choppy, a breakout of the range could get reversed back in.
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