-- NQ daily trend = Up
-- NQ 60-min trend = Up but overbought.
-- NQ 5-min trend = Up
NQ continued to consolidate on Friday, the second consolidation day in a row, thus may be ready to move out of the current range between 7840 support and 7880 resistance.
Inflection price level for NQ on Monday will be 7870
-- Bullish above it but NQ would need a sustained break above 7880 to trigger some more buying/short-covering to cause a large rally day.
-- Bearish below it, but NQ needs a sustained break below 7840 to run over trailing stop loss and tank. There are several support levels that could stall the decline, 7800, 7770, 7750, but strong support is at 7670.
