Wednesday was a gap-up opening that was followed by a downtrend day all day. Then on Thursday NQ opened with a huge gap-down, then followed by trend up all day.
Now that NQ has been trading up over 200 points overnight we could see a huge gap-up open on Friday. If so, then the key to trend direction would depends on where it trades soon aster the open in relation to its key price level, which on Friday will be at 17,800.
NQ is bearish if it is not able to trade above 17,800. If so, it is likely to drop back down to the next support at 17,580.
NQ is bullish above 17,800 with potential upside target at 18,100, with weak resistance at 17,950.
