A narrow-range doji day for NQ on Friday, the close was near the open. Where it trades on Monday in relation to its key support/resistance level will determine if it is going to be a trending up day or a consolidation/pullback day.
Key Level for Monday is 2740.
- Above 2740 implies another round of short-covering up-day, targeting 2770-2780.
- Below 2740 implies it is going into a consolidation/pullback down day, targeting 2700-2710 area.
The latest casualty of European Debt crisis is the government of Romania with collapsed last Friday amid Austerity backlash
