Wednesday was a very large up day as a result of the Fed buy programs. But sellers came back in on Thursday to tank the market back down to pre-FOMC announcement.
Since Friday tends to be a sideways type of day, NQ may trade sideways on Friday, as long a it does npot breakout of the current trading range, from 15,550 to 15,450.
As long as NQ remaisn inside the range, we should see NQ remaining choppy
On the 5-minute chart key inflection price level for NQ on Friday will be at 15,900, first resistance at 16,200. Below 15,900, first support is 15,700.
