Following three up-days in a row, bumping up against strong resistance at 4600 price level, short-sellers and profit-taking caused NQ to pullback-down on Friday.
As long as NQ remains below 4600 on Monday morning selling pressure should continue with key support at 4575. Trading below 4575 has the potential to trigger algo selling programs that can quickly tabk NQ down to either 4560 or to 4530 area.
Short-covering should continue above 4600 with resistances at 4630 and then 4685.
