NQ traded sideways on Wednesday, the second consecutive consolidation day following several days of large decline
Thursday will be the third day for NQ and it either continue top trade sideways above 12,850 support or breakdown below it, or it mat rally if the shorts decide to take profit and cover their short.
Key level to watch on the NQ on Thursday will be at 12,950, bullish above, with the next resistance at 13,100 and bearish below it.