On Friday NQ pullback down to critical support, prior swing high, the October high, now support, bounced from it and then rally back up closing at the high of the day, a sideways consolidation pattern, normal pattern for Friday, a setup for trending up day on Monday..
NQ looks set to rocket back up to new high on Monday. The fact that the pattern is so clearly setting up a trend-up rocket up day for Monday should make us cautious, and be ready for possible afternoon reversal.
Key intraday inflection price level for NQ on Monday is 7825.
-- Bullish above, next upside target is 7900
-- Bearish below 7825, next support is again 7750 prior swing high. Technical trailing stop-loss for those buying breakout trade is just below 7740, key level to watch going forward
