A sideways down-day for NQ on Friday. A strong sell-off in the morning that was followed by an afternoon rally.
Key inflection price level for NQ on Monday morning is 4100.
-- Trading below 4100 is an indication that NQ is going for another round of algorithm selling with first downside target at 4065-4070 support. As long as the first support hold, NQ should rally back up to 4100 resistance.
-- Breaking below 4065 could attract momentum algo sell programs than can tank NQ down to the next support level 4045-4050.
-- Trading above 4100 is bullish, next upside target is a higher high above Friday swing high.
