-- NQ Daily trend = Down
-- NQ 60-minute trend = Up
-- NQ 5-minute trend = Up
NQ A sideways consolidation day for NQ on Thursday, with the open below key resistance 7840, then dropping down to support 7740 before reversing back up closing right in the middle of the day range.
With trends from various timeframes in conflict with each we could see another consolidation type day tomorrow particularly when Fridays tend to be choppy, unless of course the daily trend starts to exert its downtrend on Friday.
The 60-minute trend is setting up for a bullish move.
The daily trend is setting up for a bearish move
The 5-minute trend is neutral, and can go either way
Key intraday price level for Friday will be 7800
-- Bullish above, with first resistance at 7840.
-- Bearish below it, first support is at 7740.
