Daily Trend = UP
60-minute trend = DOWN
5-minute Trend = Down and Oversold
On Wednesday, as the 60-minute chart suggested, NQ opened below key line-in-the-sand thus took another leg down, although it traded sideways until the end of the day when NQ dumped.
NQ selling continued into the after-hours trading, setting up a potential large opening gap-down on Thursday, unless they can reversed it up before the open.
Key resistance for NQ on Thursday will be 7920, key support is at 7894
-- Intra-day, NQ is bearish below 7920, and very bearish below 7894, with the next lower support at 7840-7850, and stronger support at 7800
-- NQ should turn bullish above 7920
Famous hedge fund manager Ray Dalio said on Wednesday, Buy gold, Sell stocks
