Another sideways trading pattern for NQ on Friday as the Fed buyers continued to defend the 4300 support level because they know that a clear and sustained break below 4300 is likely to trigger an avalanche of selling that could easily get out of control.
For Monday, inflection price level for NQ will be 4330. The trend on the daily chart remains in a down mode.
-- Bearish below 4330 but key support remains at 4300 price level.
-- Bullish above 4330, with first resistance at 4350.
