NQ continued to trade inside the established trading range that it has been stuck in for the last 5 trading sessions. A sharp downtrend in the morning on Thursday broke below the 4485 support down to 4475 key support before rallying strongly into the close.
Without further massive buy programs by the Fed could cause more selling on Friday, and a break below 4475 could trigger massive selling.
The Greek debt default on Friday could trigger a lot of selling but there is no doubt the fed will be ready to support the market. How successful will they be, only time will tell.
Key price level for Friday will be 4475 support.
-- Bearish below
-- Bullish above
