On Friday, NQ opened with a big gap-up and then after a brief rally above breakout level (3990), was agressively sold, tanking NQ down to support.
Agressive buying by the Fed managed to push NQ back up to the opening price level by the close, setting up either a short-covering rally to above Friday's high or pulling back down to Friday's low..
Key price level for NQ on Monday will be 3990, prior swing high on the daily chart.
-- If NQ can stay above 3990 it could trigger another round of short-covering rally.
-- Failure to break-back and staying above 3990 could trigger another round of selling, with first support at 3970, then 3945. Strong support is at 3918 area.
