Trade Guideline For Monday (Nasdaq NQ)

Friday was another bearish down-day closing near the low of the day. Monday would either be one of the following possibilities. Key inflection point is 2225. Key resistance is 2230, and key support is 2220 (September Contract)

1. If the open is between key support and resistance level (2220 - 2230), and then fail to break out or breakout and fail to stay outside the range, the likely scenario would be a narrow-range consolidation day. 
2. If price can get a sustained break above key resistance level, the likely possibility will be a profit-taking / short-covering rally, targeting 2240 - 2245 area.
3. A sustained break below key support level (2220) will result in another bearish liquidation day, targeting a decline down to 2185 area..