NQ opened gap-up, closed the gap, then rally up to resistance. It quickly reversed and trend down the rest of the day closing near the day low, right at support.
For Monday, Key inflection Level is 2670
- A sustained break below 2670 could cause a fast liquidation drop down to the next support level 2660. If 2660 does not hold, a sustained break below 2660 could cause a fast liquidation, tanking it down to 2630-2640.
- Staying above 2670 could trigger a short-covering rally to resistance 2700 before dropping back down to re-test the low. It would likely cause a consolidation type of day, 2670 range low and 2700 range high.
