On Friday the stock market consolidated the huge Thursday's sell-off. However, on Monday the selling should continue.
Key intraday line-in-the-sand for NQ on Monday will be at 9575
-- If NQ should stay below 9575 we could see another huge sell-off day on Monday, potential downside target is the 50-day moving average on the daily chart, now at 9075. However, there is support from previous swing high at 9350 which may or may not provide support.
-- Staying above 9575 should temporarily keep selling from overpowering the buying. However, NQ would need to break back above 9737 to go into its bullish mode.
