Following a large down trending day on Wednesday NQ traded sideways, consolidating the huge down trending day. It was an inside day.
Consolidation lasted one to three days before the trend resumes. With Wednesday as consolidation day one, we could see either another day of consolidation or resumption of the downtrend.
Key intraday support-resistance price level for NQ on Thursday will again be at 13,100, bullish above with first resistance at 13,250 bearish below it with first support at 12,950.
