On Wednesday NQ opened below key resistance level, 17,800 but quickly broke above and remained above it into the close.
NQ is in breakout mode above 17,800
17,800 will be key level for NQ on Thursday. If it can open above it and push higher, we can expect many shorts would starts to cover. If that is the case we could see large trending up day that will last all day, with reasonable upside target at 18,000-18,100, but it could go much higher
If NQ should break back below 17,800, we could see some sharp selling with support at 17,500-17,600.
