The Fed buying binge on Thursday night resulted in a huge opening gap-up on Friday, but without any new buyers profit-taking in the afternoon pushed NQ down into the close. Whether the afternoon declien is just a profit-taking pullback or the the start of a trend reversal, will depends on where NQ will trade on Monday in relation to it key inflection price level.
Key inflection price level for NQ on Monday is 4450
-- Trading above 4450 is an indication Friday's afternoon decline is just a pullback, and that NQ should resume its rally into another higher-high above Friday's swing high.
-- Trading below 4450 implies NQ is either going into a larger pullback-down move before resuming its uptrend, or the beginning of a downtrend. Next support is 4430
