NQ is in a blow-off mode to the upside, with the shorts stampeding to get out their short position and those funds still on the sideline, worried to be left behind, were also stampeding to get into the equity market, resulting in a relentless up-trending market.
It should continue to go up for a while, with or without a pullback, before the momentum slows down. Where and when this buying frenzy will end is very difficult to say, but once everyone is on board, the market then collapses in a fast way.
For Monday as long as support holds, it should continue to go up and make a higher high.
Key inflection price level for Monday in NQ is 3335.
-- Above 3335 implies NQ is still in a fast mode up.
-- Below 3335 is an indication NQ is in a pullback down mode, with support at 3325 before going back up. A clear and sustained break below 3325 implies NQ is going into a larger down-move.
Currently the bulls are in firm control
