NQ opened gap-down then spend the rest of the day consolidating the large gap-down move. On Monday it would either continue to consolidate and stay inside the range, re-trend back up or continue to drop back down for another down leg, depending on where it trades on Monday.
Key inflection level for Monday is 2545, upper trading range 2550, lower trading range 2535.
- Above upper trading range implies the next upleg is in progress, targeting a move up to 2565 then 2575.
- Below 2535 implies the next downleg is in progress targeting a drop down to 2525 then 2515.
