The market was closed on Friday for the 4th of July holidays, but on Thursday NQ broke out to new high and then traded sideways above breakout level of 10,300, setting up a high probability trending day, the directions will depends on where it trades in relation to its key line-in-the-sand level..
On Monday, NQ either trend up to a new higher high, or trend down. The key line-in-the-sand level to help determine the direction of Monday trend is 10,300.
-- Trading above 10,300 is bullish with very high probability of NQ trend up all day.
-- Trading below 10,300 is bearish, also with a high probability of NQ trending down all day.
