NQ came down to test key intraday support level several times on Thursday before rally8ing and closing not far from day high.
The equity futures including NQ futures has rallied in after hours trading Thursday evening following President Trump announcement of a $2 trillion infrastructure project and an announcement from Gilead that they have developed a drug that is effective in treating the Covic 19 virus.
As such we could see continues rally on Friday. However, as Friday tends to be a sideways type of trading pattern, we should also be on a lookout for a possible sideways trading pattern.
The intense short-covering rally above the 5-day moving average on the daily chart should continue on Friday. Next key price level to break is the double-top at 9000 price level.
