On Friday, NQ opened below Thursday's close, which was instantly bought, quickly closing the gap, then traded sideways in a narrow range the rest of the day.
NQ closed just below key resistance, which is at 5945 on Monday.
-- If NQ can rally back above 5945, it should then rally further up to the next resistance level, which is at 5970.
-- Failure to break back above 5945 could trigger another round of selling. If so, the first support is at 5920, then a critical support at 5900.
According to Robert Shiller, Professor of Economics, The U.S. stock market looks like it did before most of the previous 13 bear markets
