On Thursday, after dropping down to0 lower low below Tuesday swing low NQ quickly revesed up, then trend up all day into the close, dropping down just a little bit on end of day from overbought conditions and on some profit-taking activities.
Line-in-the-sand for NQ on Thursday will be at 13,860-13,880. As long as NQ can stays above 13,860 the rally should resume.. Trading back below 13,860 implies NQ is in a sideways pullback mode following a large up-day on Wednesday. Key support level for NQ is now at 13,820..
