Massive buy programs triggered right at the opening bell and continued all day managed to pushed the stock market up on Friday with NQ rallying into a new higher high, a large up-day for NQ.
Without any major surprised market-moving news, the stock market rally should continue with or without a pause or consolidation.
Key price support level for NQ on Monday will be 4995.
-- If NQ remains above 4995 on Monday the rally should continue to target a new higher high before profit-taking selling comes in.
-- A break below 4995 is an indication the rally is in a pause mode. If so, look for NQ to drop down to a lower support at 4960.
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