A huger gap-up open for NQ on Friday, but then it went flat for the rest of the day. The market may want to resume back down with or without morning rally.
Key inflection price level for Monday trading in NQ will be 8400.
-- Trading below 8400 implies NQ is going to trade down to lower levels, key support downside target is 8330 - 8340 area where it may bounce back up from those support zone. Should that support zone clearly break to the downside, we could see an acceleration of the downside move. with the next support zone at 8300-8320.
-- Trading above 8400 after the open implies another rally to retest November high.
