After two huge up days NQ traded in a choppy sideways trading pattern on Wednesday. On the daily chart, NQ is spotting a narrow range doji candle day, a perfect setup for a large trending day on Thursday, the direction of the trend would depends on where it trades in relation to the key intraday timeframe.
Key intraday timeframe on Thursday will be its ma on the 5-minute chart, which at the close of trading on Wednesday was at 9940. The trading action on Wednesday is indicating a down day on Thursday
-- However, as long as NQ remains above 9940 we could see a rally.
-- Trading below 9940 is an indication the trend i9s going to be down, with the next support at 9680
