Profit-taking and double-top resistance selling caused NQ to trend down all day on Wednesday.
With the low of the day still way above key support, 15,975, we could see NQ bounce back up towards resistance again on Thursday.
Intraday inflection price level is at 16,020 on Thursday. Trading above it is bullish, an indication NQ is going to rally back up to double-top resistance at 16,250 area.
Trading below 16,020 could see some selling, with first lower support at 15,975. If that should break we could see sharp selling to tank NQ down to the next support level, 15,790./
