Nasdaq closed right at the day high on Friday implying the shorts had covered into the close. If the current uptrend on the 5-minute chart is going to continue, any pullback down should stay above key level at 2290.
- Below 2290 implies the market is in a bearish mode and point to a down-day on Monday. If so, target down are 2275, 2260 and 2245
- Above 2290 implies the market is still in a bullish mode, targeting a rally up to 2320 then 2360-2370
Nasdaq NQ 5-minute chart
