Wednesday was the second sideways consolidation day following a huge down day on Monday. As expected such a huge down day Monday would need a substantial consolo9dations before it trend again.
As such, NQ should trend again on Thursday, the direction is likely downward, however, if they can successfully cause NQ to trade back above 10,700 we could see shorts covering their short trades and reverses long causing a short-covering rally day.
Thus key price zone to watch tomorrow is 10,620-10,700
--Bullish above
--Bearish below
