Recent intraday pattern has been either morning rally followed by afternoon decline, or morning decline followed by afternoon rally.
As long as the bond market and the gold market continues to crash, the money coming out of the bond and the gold market should continue to flow into equities and oil, (bullish equity and oil)
Friday's pattern was a morning decline followed by afternoon rally. The pattern should continue for a while, but keep in mind that there is still a small chance of a one-directional trending day, with no afternoon reversal.
Key level for Monday in NQ will be 2950.
-- Above 2950 implies a likely morning rally, with first resistance at 3000. A clear and sustained break above could trigger a trending-up day.
-- Below 2950 implies morning decline with supports at 2940 and then 2917
