Thursday and Friday were two narrow-range sideways consolidation day following a large range down-day on Wednesday - they were "paused" days, that should be followed by either a large-range down day or a large-range short-covering reversal up-day.
The direction of the move will depends on where NQ will trade in relation to the last 2 consolidation days.
1) Clear and sustained break below Friday low is an indication that we may get a large-range down day on Monday. This is assuming it can break the first support which is around 3425 area. Strong support lies at 3400, and it would need a very bearish internals to break 3400 support.
2) A clear and sustained break above 3480 could trigger a short-covering rally, with next resistance at 3500
3) Staying inside the 3450 - 3480 trading range would implies another day of choppy sideways market.
