As expected, NQ opened with a huge gap-up and then trend up all day with a small profit-taking decline at the end of the day.
Key line-in-the-sand for NQ on Friday will be at 13,480. Staying above 13,480 is an indication NQ is going to trend up again for the second day in a row, although the probability of that happening is low since Friday tends to be a choppy sideways non-trending day.
Trading below 13,480 implies sideways consolidation type of day, with lower support at 13,400-13,420. Trading below that is bearish with lower target at 13,250.
