On Thursday NQ opened with a gap-up, thus setting up a bullish day. After a brief choppy pullback down moves in the morning, NQ resume its rally, trading above Wednesday swing high. The end of day rally was pushing into overbought zone, setting up a rally day on Friday.
However, to do so, with the end of day rally pushing into overbought zone, NQ may have to pullback down first before rallying, unless of course NQ would break above the high from January 27th, and triggers massive short-covering, overwhelming selling pressure.
Key support on Friday will be at 13,500
