20050819 1) EMA levels 1581.50 1582 1583.50 2) Consolidation trade into previous day close 3) Opening 30 min range 1577-1581.50. NQ broke upside but no trade was taken because the moving averages were in the way. Downside break came near the close, precluding the short trade. NQ has been tight range for past two days, coiling the spring for a powerful breakout either side next week. 

NQ daily chart