A choppy up day for NQ on Thursday. Looks like NQ may not make a higher high above recent high of 18,120.unless it can break key resistance of 18,000.
Going into the long weekend for Washington's birtday, NQ may just trade sideways.
Resistance for NQ on Friday is 18,000, with key support at 17,800 (17,800-18,000) trading range.
A breakout of the 17,800-18,000 trading range could cause a trending move out of the range. With so many recent Fridays a strong up day, keep an eye on 18,000 price level. If NQ cab break and stay above 18,000 we can see another trending up Friday.
Failure to break above 18,000 is an indication NQ is going top trade sideways, unless of course it breaks below 17,800.
