After several consecutive days of rally NQ finally had a pullback day on Wednesday, pulling back down to its key support, the 200-moving average on the 5-minute chart.
NQ traded the whole afternoon just slightly above the 200-moving average, looks set to trend down again if NQ should trade below it on Thursday.
However, considering how much liquidity central banks are pumping into the system on a daily basis, NQ could also be trending back up on Thursday, after a one-day pullback.
As such, we will again use 15,380 as key inflection price level. bullish above it, and bearish below it
