A very choppy sideways pattern for NQ on Wednesday. On the 5-minute timeframe, it looks like NQ will trend up on Thursday. To do that NQ would have to stay above Wednesday swing high and push higher. If so, the next resistances are 14,900 and 15,000.
The 60-minute time-frame is showing NQ in bear flag. If it is a bear flag, NQ would then drop down and trade below key support at 14,700, and then continue to trend lower.
NQ is also still bearish on the daily chart, with lower target is still at 14,000.
Thus key inflection price level for NQ on Thursday will be at 14,700.
