The market continued to manipulated upward for the thanksgiving weekend. The market is now in overbought zone on the daily timeframe, as such we can expect to see larger pullback decline this coming week.
Key line-in-the-sand for NQ for Monday's trading is 8430
-- If trading is above 8430, we could see the market going higher, with two upside targets at 8480 and 8520.
-- Trading below 8430 could cause more selling as shorter timeframe algos triggers selling, lower targets are at 8380, then 8330, but there is a very strong support coming in from November 19th swing high that could cause a bounce.
