Again a narrow range sideways day for NQ on Thursday. With the Vix index in the low twenties, we could see lots on choppy sideways days, and fewer trending days. There will still be some trending days, but more non-trending days.
Key line-in-the-sand for NQ on Friday will be the 200-ma on the 5-minute chart (11,970). With Friday generally a non-trending day, we could see choppy action again on Friday.