A sideways pattern for NQ on Friday, downtrend in the morning and rally in the afternoon. I am looking for NQ to continue to go up on Monday, as long as pullback does not clearly break below key support zone, which is 3540 for Monday.
A clear and sustained break below 3540 on Monday will change the technical outlook for NQ. If so, I will be looking for NQ to trend down to support in the 3500 area.
Gold continued to rally on Friday. Key price zone for gold is 1250 (resistance/Support) on the daily chart.
A clear and sustained break above $1250 is an indication that gold is going into an ABC pattern move up, with upside target at $1420, but the first major resistance that has the potential to cause a $30 to $50 pullback is at $1360.
