Following a large down day on Thursday, as expected NQ traded sideways on Friday after first making a lower low below Thursday swing low.
NQ is likely to spend more time consolidating sideways on Monday morning. As long as the consolidation or rally does not break above key resistance of 10,600, it should then decline back down to lower low below Friday swing low.
If on the other hand NQ consolidation or rally on Monday breaks above key resistance, 10,600 we could see it continuing to rally to the next resistance at 10,775.
Key intraday inflection price level is 10,4650. Bullish above it and bearish below it
