NQ daily trend = down
NQ 60-minute trend = down
NQ 5-minute trend = down
A huge gap-down open for NQ on Wednesday, and the decline continued, a large down day for NQ, with a bearish close.
Key intraday line-in-the-sand for NQ on Thursday will be 7520.
-- Selling is likely to continue below 7520 with the next support at the 200-dma daily, 7280 and NQ could overshoot that level to the downside if selling get intense.
-- Short-term bullish above 7520, first resistance is 7550 then 7650.
Crash alert is warranted at this time.
