NQ opened with a gap-up on Wednesday then large sell program hit the market, tanking NQ hard, breaking below key intra-day support, which caused more selling.
After selling stopped, NQ then reversed and spent most of the day rallying back up into the middle of the range, setting up either
1). A rally to higher high above Wednesday swing high, if it trades above key line-in-the-sand on Thursday, above 13,660, or
2) Drop back down to retest Wednesday swing low on Thursday if NQ should trade below key line-in-the-sand, 13,660. Should Wednesday low gets broken, we could potentially see a large liquidation decline.
