Thursday was an inside day, a narrow range inside day. An inside day sets up potential breakout day, breakout out of the range, up or down.
The day following an inside day is easy to trade. If the open is outside prior day range, we could see a fast trending move away from the range upward or downward, as long as it does not break back into the range.
.The if it does break back into the narrow-range prior day range, the reversal is often fast and furious, targeting a beak to the other side of the narrow range day.
Key intraday inflection price level for NQ on Friday is 8950
-- Bullish above 8950 with first upside target at 9050
-- Bearish below 8950, with first downside target at 8850 then if the market is bearish, the next lower target is 8750.
