On Friday we say NQ pulling back down to support before continuing to rally into the close, with a small profit-taking decline at the very end.
On Monday we could I am looking at two possible NQ intraday patterns to play out, and it would depends on the morning price action pattern.
First possible pattern: If we get a rally in the morning into resistance, 9200-9250 area, I will be looking for NQ to reverse back down during the lunch period into the close, with a small profit-taking rally at the very end of the day.
The second possible pattern: If we get a downswing pattern in the morning, down to support 8980 - 9000, I will be looking for NQ to reverse back up during the lunch period into the close, with a small profit-taking decline at the very end of the day.
Key intraday Line-in-the-Sand for NQ on Monday will be at 9100.
