After trading sideways above support on Thursday NQ finally sold off hard in the afternoon, dropping down to the next lower key support zone at between 14,800-14,850
Key indicator to watch on Friday will be the 10-year treasury bond yield key level at 5%. A clear break above 5% level is likely to trigger algorithm sell programs in the equity market which should crash below 14,800 level in NQ.
If the 10-year yield can stay below 5%, we could see NQ staying above 14,800 level and then trade sideways. with first resistance at 15,000.
