The market opened and sold off hard in the morning on Friday. The end of the week profit-taking activities in the afternoon helped to stall the decline as NQ rallied into the close. Whether or not sellers will come back to sell the market on Monday will depend on if NQ can stay above Friday's swing low, now its key support level for Monday.
Inflection price level for NQ on Monday will be 4450.
-- Trading above 4450 is likely to subdue selling activities but strong resistance resides at 4500 where short-sellers could come in hard if NQ could not mount a clear and sustained break above 4500.
-- Trading below 4450 is bearish and could trigger another round of algos selling programs. Next support is 4400.
