It was a down day for NQ on Thursday. Two test of 12,000 support were both unable to break below it. 12,000 support was finally broken near the end of the day. However there were able to rally NQ into the close and closed above 12,000 key support level.
With Friday tendency to trade in sideways consolidation pattern NQ would need a clear and sustained break below 12,000 to cause a large trending-down move on Friday.
If NQ can stay below 12,000 on Friday we could see NQ trading sideways between support and resistance.
First resistance is at 12,150 and first support is at 12,000. It is very likely both first support and first resistance gets broken.
