It seems to be normal now for NQ to pullback down in an a-b-c wave pattern soon after the open then rally to another higher high, and Thursday was the same, pullback after the open then spent the rest of the day rallying to new high.
Keep in mind that Friday tends to be choppy as squaring on the books often cause a sideways market. However, with NQ closing above prior swing high on the daily chart, we could see rally on Friday if the shorts should panic and cover ahead of the weekend.
Key price level to watch for will be at 16,450, bullish above and bearish below it, with support at 16,390
