A breakout trending-up day for NQ on Friday. A break above double top high triggered short-covering rally that lasted all day on Friday.
Trading pattern for Monday will depends on where it trades in relation to key level.
Key Level For Monday is 2675.
-- Above 2675 implies continuing short-covering, targeting 2700 whole number resistance. Above that we have a trend-line resistance on the daily chart at around 2725 area, then a double-top resistance at 2750 area.
-- Below 2675 implies it is going down to re-test broken resistance, now support at 2665. Next support below 2665 is 2645.
Upper Value Area = 2678.50
POC = 2675.50
Lower Value Area = 2668.50
