A choppy up trending day for NQ on Thursday. On the longer term time frame, daily and weekly, NQ looks ready to breakout to new high, to the 23,000-24,000 price level once it can break above 22,100 key resistance and pushes higher.
On the intraday time frame NQ may need to pullback down to broken resistance, now support at 21,900.
However, a sustained break above 22,100 could trigger a short-covering rally. If so, we could see a large rally even on Friday when the market tends to get choppy sideways.
