-- NQ daily trend = down
-- NQ 60-minute trend = up
-- NQ 5-minute trend = up
NQ opened with a gap-down, then reversed and rallied all day on Wednesday, an up day. NQ closed just below key 20-dma on the daily chart, at 7610 as of Wednesday close.
7610 will be key resistance and key line-in-the-sand for NQ on Thursday.
-- Failure to break above 7610 could again bring in heavy selling on a break below 7550. If so, support is at 7300, the 200-dma on the daily chart
-- Breaking above could trigger some short-covering, next resistance is at 7760
