After making a lower low on Friday NQ then spent the rest of the day traded sideways in atypical Friday price pattern as traders balanced their books for the weekend.
With the first week of the month having a bullish bias, look for the stock market to continue to make a higher high, or trades sideways before dropping back down.
However, a failure to rally or at least trades sideways this coming weeks is a sign of weakness. If so, we can expect a sharp drop to come soon.
Key short term inflection price level for NQ on Monday will be 6325
-- Resistance is at 6375
-- Support is at 6375
Bitcoin continues to defy the so called experts, as it continues to rally to its fair value price of about $100,000 at this moment.
