NQ continued to rally on Wednesdat but it has hit quite a strong resistance at 12,500 and may need to pullback down before breaking through 12,500 to the next resistance at 13,000.
Key inraday price level for NQ on Thursday will be at 12,500, bullish above it, the next resistance is 13,000 and bearish below it with first support at 12,200.
NQ needs to stay above 12,200 to keep the rally alive. Breaking below 12,200 support zone is bearish. So on any decline we want to see 12,200 support hold for us to remain bullish.
