A choppy and narrow-range sideways trading pattern for NQ on Thursday. With Friday's tendency to be choppy, there is a very high probability Friday will be choppy too, unless there is some market-moving unexpected news hitting the market.
The current uptrend on the daily timeframe is still very strong, but the upside momentum on the daily timeframe has turned negative on Wednesday
Key line-in-the-sand for NQ on Friday is 8300.
-- Trading above 8300 could trigger some short-covering.
-- Below 8300 would keep NQ in a bearish mode.
