After two large trending down days, NQ traded sideways on Thursday, consolidating the large sell-off days.
On Friday, we could see either a resumption of the decline or another choppy sideways consolidation day before it trends again next week.
Key price level to watch for on Friday will be Wednesday swing high because trailing stop-loss for the shorts resides just above it, and also below Wednesday swing low because trailing stop-loss for the buyers sits just below Wednesday low.
Key support to watch for is still 15,700, previous swing high, was resistance now turned into key breakout support level.
