With most traders already out of the office for the Christmas and New year holidays the market traded sideways on Monday in a narrow trading range.
Unless some unexpected market-moving events or news hit the market on Thursday look for the narrow range sideways trading action to continue until the new year.
Key price level for NQ on Thursday will be 4600 - now acting as support.
-- Tradign above 4600 on Thursday implies neutral to bullish market bias.
-- Trading below 4600 could trigger some sell programs that can push price down to the next support at 4575.
