After breaking out above February swing high on Tuesday NQ pullback down on Wednesday, a pullback down day for NQ on Wednesday, a potentially bearish pattern.
However, the decline was choppy, and in a nice A-B-C 1:1 wave pattern down from Tuesday high to Wednesday swing low.
If, on Thursday NQ can rally back above 13,880, it could be just a one day pullback to relieve the overbought condition., and thus implies a resumption of the uptrend.
Failure to break back above 13,880 is an indication NQ is going lower bellow Wednesday swing low, with the next support at 13,600-13,650 area.
