With a continuing rally in the crude oil price, which is bullish for the stock market, major stock indices opened with a gap-up and then trend up all ay on Friday.
As long as the crude oil price can continue to rally or even stabilized the Fed buy programs designed to run over stop losses should continue to push the stock market up.
For NQ the next upside targets are 4350 to 4450. Whether or not it can reach there would depends on the price of the crude oil.
Key support for NQ on Monday will be 4190 - 4200.
-- As long as NQ can stay above 4190 with the oil price rallying or consolidating NQ should continue to go higher.
-- Trading below is bearish and more so if the price of crude oil is also in a sell mode.
