NQ continued to trade sideways for the third day in a row on Friday, consolidating just below strong resistance zones 4400 - 4475 area, setting up a break that could potentially trigger massive short-covering rally, or a large and sharp decline as the longs bail or get run-over by cascading selloff.
On the short-term timeframe, key inflection price level for trading on Monday will be 4330.
-- Bullish above 4330, first resistance is Friday swing high at 4355.
-- Bearish below 4330, with key support remains at 4300. Only a clear and or sustained break below 4300 has the potential to trigger a large and fast liquidation drop.
ECB will have a policy meeting this week.
