Friday's Re-cap

NQ gap-up open inside prior day's range provided us with a very low risk shorting opportunity at or near the open, targeting gap-closed area. That was exactly what the market did. It then rallied after closing the gap, and it looks very obvious that it was a wave 3 rally, implying that it should close at or near the high of the day, and that was exactly what the market did, as all indexes close at or nears their respective highs.

Here is NQ 15-minute chart showing what to look for on Monday.

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