NQ dropped down to 4900 key support on Thursday and bounced off it closed at the open. A break would have been very negative.
With Friday as the last trading day of 2016 anything is possible as traders and investors would have to balance their books by the end of Friday's trading.
Key support for NQ on Friday will be 4900.
-- As long as 4900 is not violated selling should remains under control. If so we can expect either a sideways trading action or a rally.
-- A clear break below 4900 is not a good sign for the stock market. If so, look for another round of selling.
