Trade Guideline For Monday (Nasdaq NQ)

The market continued to consolidate, and Friday was the fourth consolidation days following two weeks of extremely intense sell-off. Once consolidation ends the sell-off should continue. When will that happen only time will tell.

Key Line-in-the-Sand for Monday is 2180.

• Above 2180 short-covering pullback up should continue, next resistance up is 2100, then 2250.
• Below 2180 is bearish implies a likely decline to first support zone 2140 - 2150, then 2100.

NQ needs a sustained break below 2080 to trigger a massive liquidation decline again.