On Friday NQ opened with a huge gap-down. Then after a brief morning rally up to resistance, the selloff continued, closing near the low, a large down day for NQ on Friday.
With the daily chart in sell mode, Monday is either a pullback consolidation day or a large sell-off day.
Key price level to watch for will be 6660.
-- Trading above 6660 could trigger some buying on the short term intraday timeframe. If so, there the resistances are 6690 and 6750.
-- Trading below 6660 is going to be bearish and could result in a large selloff day, especially if NQ trades below Friday low and triggers selling algos.
