-- NQ daily trend - UP
-- NQ 60-minute trend = Up
-- NQ 5-minute trend = Up
Insiders continue to take advantage of the Fed/PPT engineered rally to download their stock portfolio. On Thursday a huge gap-up open failed to attract buyer. NQ simply traded sideways.
Friday tends to be a choppy type of day. As such we can look for the market to continue to trade sideways unless the Fed/PPT overnight buy programs can push the stock market higher and trigger some short-covering after the open.
.Intraday inflection price level for NQ on Friday will be 7950, with support at 7990.
