A huge gap-up open for NQ on Thursday due to NVDIA earnings reports.
However, it was sold immediately because of several factors. One was that the Fed is planning to raise the Fed fund rate, not cutting it. The second reason is that the market was way overbought on all time frames. As such vulnerable to sharp drop as we can see on Thursday.
On Friday, ahead of the long weekend in the USA we could see NQ trading sideways. Key balance price zone is at 18,800. NQ may bounce back to it then bounce away from it.
Resistance is at 19,000 and support is at 18,550.
