Following a huge rally day on Wednesday the stock market traded sideways on Thursday, with NQ closing just slightly above Wednesday swing high.
On Thursday, the stock market sold off hard in the morning and into early afternoon until the PPT intervene aggressively to push the stock market up.
With just a few days left for the year 2018, the PPT is certain to remains very aggressive in stock purchases. The last thing president Donald Trump would want to see is a stock market that is down for the year.
For Friday, the PPT is going to continue to buy any decline. Thus, unless NQ clearly break below Thursday swing low of 6056 and overwhelm PPT buying power, NQ should either trade sideways or rally to a new higher high above Thursday high.
