On Thursday NQ opened below key resistance then immediately rally up to it and failed, thus triggered massive selling and profit-taking that lasted into the close, a large down day for NQ.
With tomorrow being Friday we could either see NQ trading sideways above key support, or break below support and triggers massive selling.
On Friday, NQ key support is at 16,060-16,160, a 100-points support zone. Should support breaks, we should see second down-days. If NQ is able to stay above support, we could see a sideways market or a trend up day on Friday with resistance at 16,250 then 16,420
