After opening with a gap-up above resistance, then pulling back down to broken resistance turned support, NQ rallied to new high on Friday without the usual profit-taking pullback down move at the end of the day.
With the Fed buy programs now targeting just a few stocks including Apple stock (AAPL) look for NQ to continue to get pulled up for while longer before the collapse, expected to be the end of November to early December time window..
On the short term intraday frame key support for NQ on Monday is 6280.
-- Staying above is an indication NQ is going to make another higher high before pulling back down to support, and then trade sideways..
-- Dropping back down below 6280 implies NQ is going into a larger drop, with next support at 6245 before bouncing back up again.
We are near the end of a large distribution topping pattern
