NQ opened with a huge gap-down, something that is likely to happen as NQ is currently very overbought on the daily time-frame and also on the shorter term time frames, the 60-minute and the 5-minute time frames..
Buyers immediately came back in to buy, pushing NQ sharply back up until it reached its strong intraday resistance, the 200-ma on the 5-minute chart before pulling back down.
The end of day pattern on the 5-minute charts looks like it should rally tomorrow on Friday in the morning if NQ can open above its 200-ma on the 5-minute chart, now at 14,740, with the first resistance above the 200-ma at 14,850.
If Thursday selling was more than just a one-day event, then NQ should stay below 14,740 at open on Friday and then drop down to support, with the first support at 14,650 then 14,540
