A narrow-range up day for NQ on Friday. Ahead of the FOMC decision to be announced on Thursday and with the Fed certain to continue to buy the market in order to paint a rosy picture of the market ahead of the decision, the market may slowly melt up into Thursday as long as NQ does not violate key support level.
For Monday key support price level for NQ will be 4250.
-- Above 4255 NQ should continue to be on the bullish side, resistances are 4350, 4400 and then 4450.
-- Trading below 4250 could attract algo selling with support at 4200 then 4100.
