Another very narrow range day for NQ on Friday. NQ is stucked between resistance and support. Until it can break out of the range we could see NQ continuing to be choppy and narrow range. Key support for NQ is 10,300. Until that support is broken NQ is likely to continue to chop around.
On the short-term intraday timeframe key price level on Monday will be at 10,620.
-- NQ is bullish above 10,620. and likely to rally to the next resistance at 10,760
-- NQ trading below 10,620 has a bearish bias and is likely to drop lower to the next support level, 10,500 a clear violation of that support could trigger heavy selling as stop-losses get run-over, with the next support at 10,300.
