On Friday, NQ traded sideways for the second day in a row, trading above support at 7360, but it now looks ready for a drop down below 7360 support come Monday, down to lower support levels such as 7335, 7317 or down to 7290.
7290 is really an important support level as stop-losses congregates just below 7290, as it is a breakout day low, thus a sustained break below 7290 could trigger longer term trading algos. If so, the next major support is round 72`15.
NQ need to stay above 7360 to keep selling under control.
