On Friday NQ opened with a gap-up remaining above recent swing low and then rallied up to test previous consolidation low support at 5680 area, now acting serves as resistance, and will be key resistance price level on Monday.
-- If NQ can break above 5680 resistance it is likely to rally up to the next resistance zone at 5720, which will be a strong resistance area.
-- Failure to break above 5680 resistance implies NQ may need to pull back down to support at 5630. A break below 5630 support should trigger some selling to retest the recent swing low at 5580.
With NQ daily chart still in sell mode, a break below 5580 support could trigger another rounds of liquidation selling, next support is 5450-5480.
