Another narrow-range sideways consolidation day for NQ on Thursday, and it was also the third day of sideways consolidation, setting up for a breakout trending-up day for NQ on Friday.
The key price level; to watch will be at 18,250, If NQ could trade above 18,250 and the shorts may get forced to cover their position ahead of the weekend, we could see all day trending up trading pattern, with upside price target ranging from 18,400 to 18,500 as normal target.
Failure to trade above 18,250 is bearish, with NQ trading back down to 18,000-18,100 support zone.
