On Thursday, NQ opened and immediately sold off very hard in the morning. Dip buyers came back in to buy but sellers continue to overwhelmed the buyers all day with the close near the low of the day, a down day for NQ on Thursday.
Bad earning reports from Amazon tanked NQ hard after the market. If NQ is not able to trade back and stay above 11,220 on Friday we could see heavy selling as investor exit their long before the end of the week.
Key inflection price level for NQ on Friday will be at 11,220, key support is 11,000.If 11,000 does not hold on Friday we could see heavy selling.
