On Wednesday NQ opened with a huge gap-down to support at 13,000 then spent all day in a choppy rally back up to key resistance at 13,240 which will serve as key line-in-the-sand for Thursday. At the end of the day on Wednesday, the pattern looks set to break above 13,240 and go up to 13,400
If NQ again failed to break above 13,400 for the third time, it is an indication that NQ is going back down in a very fast mode, Lower target are 12,800 then 12,400.