A sharp sell-off in the crude oil market which triggered a sharp a sharp sell-off in the equity market threatening to crash through support which would have cause a crash attracted massive Fed buy programs designed to panic short-sellers into covering. The buy programs lasted all day.
NQ dropped down to 2100 key support, the 4th test of support on the daily chart, before reversing back up, breaking above 4160 key resistance, now key support for Friday.
The next resistance for NQ is 4200. Whether or not it needs a pullback to 4160 before breaking above 4200 we just have to wait for the open, but as logn as any pullback-down does not clearly violates 4160 support NQ shoudl continue to rally, next resistance above 4200 is 4250.
