With most traders out of the office on Friday the stock market simply traded sideways in a choppy and narrow trading range on Friday stuck between 5900 key support and 5935 key resistance.
For NQ on Monday, 5900 remains key support and 5935 as key resistance. NQ should break out of the range on Monday, and the direction of the break depends on where it trades in relation to 5935 resistance and 5900 support.
-- Trading above 5900 should keep selling under control, with first resistance at 5935 then 5955.
-- Breaking below 5900 is bearish and could trigger massive selling, first support below 5900 is a double-bottom support at 5845.
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