As expected NQ traded sideways on Thursday following a huge rally day on Wednesday. With such a huge trend day on Wednesday we could see another sideways consolidation type of day on Friday.
Key support on Friday is 11,130, and as long as NQ continues to trade above 11,130 we should see either a sideways day on Friday or even a rally day, although a huge rally day event is a lower probability.
If NQ should break below 11,130, we could see sharp selling, but that is also a low probability event.
