A gap-up opening on Friday failed to trigger any short-covering, instead NQ sold off and then traded sideways all day. It should make a directional move on Monday, the direction would depends on where it trades in relation to its key price level of 4503.
-- With NQ in overbought territory on the 60-minute chart it would need to trade above 4503 area to be on the bullish mode. If so, look for another rally day.
-- Trading below 4503 could attract short-sellers, with key support at 4480. A break below 4480 is likely to trigger algo sell programs. Lower supports are 4460 then 4437
