With Janet Yellen testifying before congress on Thursday the market rallied, fueled mostly by the Fed buy programs with nasdaq NQ making a new high.
The rally should continue, but the rally is slowing down, running out of steam, and may go into a pullback mode in not too distant future.
Friday tends to be a choppy day with a bullish bias, Support for NQ in the morning is 3695.
-- Above 3695 NQ should continue to rally, next upside target is 3725.
-- Below 3695 is an indication NQ is going into a pullback mode.
Key support for ES is 1848-51.
-- Above implies ES rally is going to continue.
-- Below 1848-51 is an indication ES is going into a pullback mode.
