NQ daily Trend = UP
NQ 60-minute Trend = UP
With most traders still out of the office on Friday, and the Fed likely to continue to trigger buy programs to keep the uptrend going, the stock market may just continue to go up.
However, as Friday tends to be a sideways consolidation type of day, NQ may just trade sideways in a trading range.
Intraday support on Friday will be at 7850 (prior swing high) and a stronger support at 7800 (also prior swing high). Without any unexpected market-moving news either one of the above support should hold any decline.
