NQ simply traded sideways ahead of the federal government funding dateline on Friday. At the end of the day Amazon's earning reports served as an excuse to trigger massive buy programs designed to keep the stock market up ahead of all the funding uncertainties.
The house and the senate is not going to let the government shutdown to occur, as such they will reached an agreement on Friday for a temporary funding of the Federal government. Funding uncertainty will keep the Fed buy programs very active for a while.
For NQ, key price level on Friday will be 5570.
-- As long as they can hole NQ above 5570 throughout the nigh tonight and into Friday morning, we can expect an up day or a sideways consolidation day above 5570.
