A very timely placed monster buy programs, the size of the buy program can only be done by the Fed, hit the market at the very end of Thursday's trading session when most traders were already out of their office, and arbitrage trading computers have already been turned off, rocketed the market up, with NQ up over 65 points in just the last 15 minutes of trading.
Because of the artificial of the end of the day ramp up activities, how the market trades on Friday is anyone's guess and it would depends on where it trades in relation to key price level, and for NQ the key price level will be 4550 resistance.
-- As long as NQ stays below 4550, NQ is either tradign sideways or selloff, with first support at 4500.
-- A sustained break above 4550 is likely to forced the shorts to cover with a big loss, that could lead to another up-day.
S&P 500 closed just below key resistance/inflection price zone 2055 - 2060.
