NQ Daily Trend = DOWN
NQ 60-minute Trend = UP
NQ 5-minute Trend = UP
On Friday NQ traded sideways as usual for Friday, with a trend down to support in the morning then rally in the afternoon, with a close right at key inflection price level for NQ on Monday.
Key NQ intraday inflection price level for Monday is 7660, bullish bias above it, and bearish bias below it.
-- First support below 7660 is 7620. Then key breakdown support is 7550 which should be a strong support zone, thus a clear break could trigger heavy selling.
-- NQ should turn bullish intraday above 7660, but key breakout resistance is at 7720. A sustained break above 7720 could trigger some short-covering rally as shorts covers, with higher resistance at 7800 and then 7850.
