With the stock market ready to crash after soon the opening bell on Thursday, massive intervention by the Fed/PPT saved the day as they managed to reversed the decline and rallied the market. The impact may be temporary but it did prevented a big market meltdown on Thursday.
With Friday tendency to chop around in a sideways consolidation pattern, unless NQ can breakout of either support or resistance, look for NQ to trade sideways on Friday.
Key price level for NQ on Friday will be 6720 support and 6890 resistance.
-- Trading inside the 6720-6890 trading range indicates a sideways pattern.
-- A clear breakout of the range could cause a big move out of the range.
