NQ continued to trade sideways inside a very narrow trading range mostly between 16,860 support and 17,050 as resistance. A breakout is imminent.and when it happens it should cause a trending day.
Key resistance is 17,050, a sustained break above could cause a trending-up day, with resistances at 17, 150, then 17,350.
If the break is to the downside, we could see a quick drop down to 16,750-16,760 support zone.
If NQ remains inside the 16,860 - 17,050 trading zone, it should continue to trade sideways between overbought and oversold zone on the 5-minute chart.
