A sideways consolidation type of day for NQ on Friday, setting up a fast move UP or DOWN if NQ breaks out of Friday's trading range, and a fast reversal on a false breakout.
Key inflection price level for NQ on Monday will be 7115.
-- Key resistance is Friday high at 7195. A sustained break above 7195 is likely to trigger a short-covering rally, higher resistance are at 7300, 7350, 7445 all prior swing low now resistances.
-- Key support is at Friday low 7040. With trailing stop-losses for buyers who bought Thursday low now congregating below 7040, a sustained break below 7040 on Monday is likely to trigger massive selling programs, which if it breaks below Thursday low 6910 could cause a crash, with double bottom supports at 6500 and then 6400
