Another large down day for NQ on Wednesday, NQ dropping down to the 20-ma on the daily chart, and bounced.
Intense selling may paused on Thursday if the daily chart 20-ma support, 8880 could hold the current selling. If so, we could see NQ rallying back up to one of the resistances, 9040, 9140 and then 9240.
Key intraday line-in-the-sand for NQ on Thursday will be at 8940
-- Bullish above, implies rally day or just sideways consolidation day
-- Bearish below it, with key support at 88801. Below 8880, all hell may break lose.
Wave 3 decline may have started
