After making a higher high soon after the open on Thursday NQ traded sideways. With NQ in overbought zone on the 60-minute time frame and on the daily chart we could see NQ topping now and ready to reverse back down and trend down for a week or two, perhaps starting next week.
As NQ tends to trade sideways on Fridays, without a major catalyst, look for NQ to chop around on Friday.
Key suppoprt/resistance zone for NQ on Friday will be at 12,470, bullish above and bearish bias below it, with both the upside target at 11,570 and support at 11,370
