After a sharp early morning decline right after the open on Friday that was followed a sharp rally NQ traded sideways for the rest of Friday, setting up a big move for Monday, the direction will depends on where NQ will trade in relation to its key price inflection level.
For Monday key price inflection level for NQ will be 4475.
-- Bullish above 4475, with key resistance at 4503. A clear and sustained break above 4503 is likely to trigger a short-covering rally. Failure to break and or stay above 3503 could attract short-sellers.
-- Bearish below 4475 with first support at 4455.
