NQ opened below key support on Friday, thus triggered massive selling activities, resulting in a trending down day on Friday.
With the short-term timeframe in deep oversold territory at the , we could see morning downtrend get reversed back up, as long as the market is not extreme bearish.
Key intraday inflection price level for Q on Monday will be at 8700.
-- Should NQ trades above 8700 we could see NQ rallying up to one of the resistances, with the first resistance at 8750 , then 8800. If 8800 should break, the ultimate upside target for NQ on Monday will be 8880.
-- Should the general market is bearish, and NQ trades below 8700, the next downside target is at 8600, then 85590.
