NQ opened below resistance on Thursday then traded down to support in the morning before buyers were able to push it back up to 6245 resistance where it closed on Thursday.
6245 is again key resistance price level for NQ on Friday.
-- If NQ can break back above 6245 on Friday NQ should break to new higher high before sellers come in to sell.
-- Staying below 6245 implies choppy sideways price action, especially for Friday, with support at 6200 area. .
With Trump just appointed a new Fed Chairman Jay Powell to replace Janet Yellin on Thursday there is really no incentive for Janet Yellin to push the market any higher for Trump. As such, anything can happen, and the stock market can unexpectedly collapse without the Fed constant buy programs.
