A small rally day for NQ on Friday as the short-sellers covered heir position for the weekend. With all the major stock indices currently in bullish mode, and not yet in overbought territory, look for the market to continue to rally on Monday as long as any pullback does not violated key support zone on Monday.
For NQ key support zones will be between 4320 - 4330.
-- As long as NQ stays above 4320-4330 price zone, NQ should continue to rally to higher high above Fridays swing high of 4370 area, and the next resistance is 4400.
-- As long as China stock market does not sell off in a big way look for NQ 4320-4330 support zone to hold on any decline.
