A very large selloff for NQ on Thursday following a huge FOMC-induced rally on Wednesday.
Strong overhead resistance from the 50-DMA & prior swing low which turned into resistance once broken, attracted so much selling that the market tanked all day low.
NQ tanked all day, over 800-points drop from the high, which is likely to cause huge havoc on Friday if support, at recent swing low,18,730 get clearly broken to the downside.
If 18,730 low is not violated we could see sideways consolidation pattern on Friday.
If it is broken, the next major support is at 18,000, 200-DMA & prior swing high now support.
