A gap-down open followed by heavy selling on Thursday morning, the day after the FOMC policy announcement, was now welcomed as massive buy programs hit the stock market and massive sell programs hit the gold market. The goal is to create an illusion that the economy is doing well, although evidence points to the contrary.
Key price level for NQ on Friday will be 4400.
--Above 4400 the rally should continue with the next resistance at 4430 and then 4445.
-- Trading back below 4400 is bearish, NQ may want to go back down to test Thursday low.
With Friday normally a choppy day we can expect a choppy narrow range sideways consolidation type of day.
