NQ rallied on Friday and then close near the day high, setting up a high probability breakout above prior swing high of 7530 that was set in July.
A break could trigger stop-loss execution that could quickly catapult NQ much higher up as long a profit-taking on a break above 7530 does not overwhelm buying.
On a break above 7530, the previous swing high, should then make 7530 as key price level to watch, as a breakout always carry the risk of a false-break.
Going into Monday opening bell, 7490 will become key inflection price level.
-- If NQ can open and stay above 7490, it is likely to rally up and attempt to break above prior swing high of 7530.
-- Breaking below 7490 is an indication NQ is pulling back down to key support at 7450.
