NQ Opened with a gap-up on Wednesday. After closing the gap, NQ rallied back up but then sold off in the afternoon. It was a sideways consolidation pattern on Wednesday.
On the daily chart, NQ looks bearish. and it looks like it wants to go back down to retest 17,700 support on Thursday.
Key intraday support on Thursday is at 17,970 and key resistance at 18,100. A sustained break out of the range is likely to trigger la large move.
Above 18,100 target 18,250. Below 17,970 target 17,800, then 17,700.
