NQ continued to sold off on Friday, dropping down to 4300support before end of the week profit-taking sets in pushing the close above day low.
With NQ daily chart in a downtrend, it is just a matter of whether we would get a pullback up day on Monday or a continuation of daily chart downtrend.
Key support for NQ on Monday will be 4300.
-- Trading above 4300 should keep short-sellers at bay until NQ has rallied up to resistance at 4375 area. Should 4375 proved itself as resistance, look for short-sellers to come back aggressively.
-- Trading below 4300 is likely to trigger another round of algo sell programs, next support is at 4100. However, I don't expect NQ to hit that level in one day, but it would not surprise me if it does
