With most traders gone for the weekend, NQ continued to consolidate sideways on Friday, staying inside prior day range.
With more traders back at their trading desk on Monday it may breakout out of the current range 3065-3090, the direction of the break would depends on where it trades in relation of the Thursday-Friday range 3065 - 3090.
A sustained break out of the 3065-3090 range could run-over stop-losses that can cause a fast trending move out of the range.
-- Upside breakout target is 3125.
-- Downside breakdown target is 3030 - 3000
A false breakout of the range is always a possibility. If so, look for fast reversal and an attempt to break out of the opposite range high/low.
