With massive overnight liquidity the stock market opened with a gap-up on Thursday, but then it simply just traded sideways all day.
The stock market continued to melt up as the Fed is now trapped, they have to continue to inject liquidity into the market at an increasing rate. the stock market is a hedge against currency collapse.
As long as the Fed continue to inject liquidity at an increasing rate overnight the stock market should continue to go higher.
Key inflection price level for NQ on Friday is 8990. Friday tends to be choppy and sideways trading pattern
-- Above 8990, upside target is 9040-9050
-- Below 8990, downside target is 8940-8950
