NQ traded down to 5400 support on Friday and then bounced, rallied up to 5440 resistance. On Monday 5400 should remains as key support and 5440 should remains as key resistance. Remaining inside the 5400-5440 trading range would keep NQ in a choppy sideways trading pattern
A sustained break out of the 5400-5440 trading range would likely cause a trending move out of the range, in the direction of the break. However, a false breakout of the range is going to trigger a fast reversal back into the trading range and then test the opposite range.
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