On Friday NQ opened below key resistance, then dropped down to support before rallying backup again, and breaking above key resistance at the end of the day, setting up at least a morning rally if the open remains above broken resistance-now support, and that price level is now at 8270 for Monday morning.
If the open is above 8270, we could see rally in the morning with two possible upside targets, The first upside targets is 8320 for a normal choppy day, and 8370 for a very bullish day.
If on the other hand NQ opened below 8720 we could see another down day. If so the next downside targets is 8220, and if the market gets very bearish we could see NQ dropping further down to lower supports at 8170 before rallying back up again.
