Trade Guideline For Monday (Nasdaq NQ)

Last Thursday's morning rally stalled just below key resistance 2760 the whole afternoon. For Monday, depending on where it opens in relation to 2760, it is likely to do:

• a) above 2760 implies a rally, to be fueled by short-covering, target up is 2780-2790.
• b) below 2760 implies it is in a pullback mode, targeting 2740-2745 before attempting to break above 2760. But a clear and sustained break below 2740 implies it is going to re-test Wednesday swing low 2725.