-- NQ daily trend = down, and should continue to decline as long as 7550 key intraday resistance is not violated.
-- NQ 60-minute trend = down, and should continue to decline as long as 7550 key intraday resistance is not violated.
-- NQ 5-minute trend = down, and will remains in sell mode below 7520, and buy mode above 7520.
A sideways consolidation patt6ern for NQ on Thursday as the market digest the large down day on Wednesday. A sideways pattern is a setup for the next trending move, likely to the downside because the longer-term trend is down.
Key intraday line-in-the-sand for NQ on Friday will be 7520.
-- Bearish below it
-- Bullish and in buy mode above it, the next higher resistance is 7550.
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