Key support level for NQ on Monday is 2620. A clear and sustained break below 2620 could trigger a round of liquidation selloff, with next potential support at 2600, but on a strong sell-off, NQ will slice through 2600. Supports below 2600 are 2580 then 2560.
Above 2620 implies more consolidation with resistance at 2660, 2680, 2700
US is fast approaching their fiscal cliff.
http://www.businessweek.com/articles/2012-05-17/the-fiscal-cliff-will-drive-the-u-dot-s-dot-into-recession
