Massive buy programs triggered by the Fed algo buyers Thursday night designed to trigger short squeeze produced a very large opening gap-up for NQ on Friday morning but there did not seems to be much of a buying panic, NQ simply traded in a very choppy fashion upward, closing near the day high, and as long as Friday's low is not violated, NQ is either trading sideways to consolidated the huge gap-up, or trend up again.
Key inflection price level to watch for on Monday will be 4525
-- Trading above 4525 implies the uptrend should continue
-- Breaking below 4525 is an indication NQ is going to consolidate, key support is Friday's swing low.
-- Breaking below Friday's swing low could trigger sharp selling, next lower support is 4485.
