Nasdaq trend down all day on Friday closing at the day low, about 15 points above the next support at 2650. What it will do next will depend on the opening price action in relation to key level for Monday.
For Monday, Key level is 2680.
-- Above 2680 implies it is going into a pullback mode with resistance at 2690
-- Next downside support below 2680 is 2650.
Black Monday, could it happen again?
Twenty-five years after “Black Monday” — when the U.S. stock market went into a free fall and the Dow Jones Industrial Average lost 22.6 percent in a single trading session — some market experts believe we could still see a repeat of the worst one-day plunge in history
