Ahead of this week Fed meeting, it is in their interest to ramp up the stock market in order to maintain positive financial news, as so they did on Friday, as the stock market was gap-up and ramp up all day long into the close, keeping the stock market in a bullish mode on the daily chart.
With NQ still in a bullish mode, as long as pullback does not get out of hand, the market uptrend should continue on Monday.
Key support level for NQ on Monday will be 4300.
-- As long as 4300 is not clearly violated on a pullback, NQ should then resume its uptrend, with the next strong resistance at around 4400.
-- A clear and sustained break below 4300 is bearish and is an indication a larger pullback down move is in the card, first support is 4260.
