Another narrow range sideways consolidation pattern for NQ on Thursday, clearly indicating a loss of upside momentum on the daily chart. However, as long, and NQ can continue to simply trade sideways. as NQ remains above support.
Key support for NQ on Friday will be 8240.
-- Trading above 8240 will keep selling under control. However, without buyers, NQ simply trade sideways.
-- A break below 8240 could trigger some selling. However, with Friday tending to be a choppy day we could see any selling getting bought.
