As usual, NQ traded sideways on Friday, following the usual Friday script. NQ is now stuck between 5400 resistance and 5330 support, with 5370 as price inflection level.
On Monday as long as NQ remains below 5400, NQ will be vulnerable to selling pressure. Even so, NQ would needs to trade below 5330 to trigger overwhelming number of selling algorithms that can tank NQ down to the next support at 5250, but 5300 is a potential support level for a bounce.
Remaining above 5330 would keep NQ inside a choppy trading range, 5330 - 5400.
