After staying above 13,300 brekout level for five consecutive day a significant number of shorts decided to cover, sending NQ into trending rally mode on Wednesday.
NQ is now in overbought on the daily chart, as such it may need to have a 2 to 3 day pullback coming soon before continuing the rally.
The next resistance and upside target is 14,000. It would likely need a ullback before reaching that target.
Key intraday inflection price level for NQ on Thursday will be at n bullish above it, bearish below it with first support at 13,550support for NQ on Thursday will be at 13,550.
