On Thursday NQ opened with a big gap-up above key resistance level, 14,850, which then triggered short-covering that lasted for about an hour into the trading session.
But then, there was not many buyers, thus as soon a short-covering ended, NQ dropped back down to the opening price level, and close at the opening price level, a neutral close.
On Friday, a very important employment number is going to be released, and it could drastically change the market dynamos. If the employment report is as expected, we should not see much impact from it, but should the result be no priced in to the market, we could see a big move away from the current price.
Key inflection price level for NQ on Friday will be at 14,950. Bullish above bearish below it. Supports are at 14,850, then 14,750.
