NQ continued to rally on Friday as the shorts continued to get squeezed. The equity market should continue to rally into Christmas and the New year as the Fed buy programs should be going into high gear making sure that the market would look good for the Christmas and the New Year holidays.
NQ (overnight trading) is currently trading much higher than Friday's high, and may opens with a gap-up. If so, Friday's swing high will be the first support, then Friday's close will be second support.
