It seems that morning rally and gap-up open tends to get sold, an indication that liquidity is continuing ato shrink at ra very rapid pace. Every extreme oversold bounce tend to be short-lived.
Key support for NQ on Friday is again at 11,000.As long as NQ remains above 11,000 we should continue to see either a rally or sideways price pattern. A sustained break below 11,000 could cause sharp-selling as trailing stop-losses for those still holding longs gets triggered.
As of Thursday close, key support is 11,000, with first resistance at 11,160 and then second resistance is at 11,300
