NQ failed to breakout above key resistance on Thursday. After testing 15,080 resistance multiple time on Thursday NQ eventually dropped back down to key support.
Overnight during globex trading, NQ has sold off hard, dropping down about 200 points from the close, setting up a potentially large down day on Friday, with key support at 14,780. Should 14,780 breaks we could see a cascade of selling if the bulls decide to bail.
Key intraday line-in-the-sand for NQ pon Friday will be at 15,000, bullish bias above, bearish bias below it.
