With two more trading days left in the current 2022 calendar year the year end selling continued on Wednesday.
NQ is now not very far away from breaking below the October 2022 low, and when it does we could see sharp selling as stop-losses get hit and margin call selling gets triggered.
With two more trading days let, it is possible to see it takes out the October low at 10,600 area and tank hard.
Key intraday inflection price level for NQ on Thursday will be at 10,777, with first resistance at 10,900.
