On Friday NQ trend down to lower low below Thursday swing low, still confirming that NQ is in a downtrend on the daily chart. Going into Monday NQ should continue its downtrend on the daily chart as long as the rally remains below Friday swing high..
Key inflection price level for NQ on Monday will be at 10,950, a key support price level.
-- If NQ should open above 10,950 on Monday and then stays above 10,950, we should see NQ rally up to 200-ma resistance, which should be a strong resistance on Monday, a level where sellers would copme back to go short.
-- Should NQ open below 10,950 on Monday or open above 10,950 but then drop down to below 10,950 on Monday we should see another selling day that should break below Friday low. If so, it should tank down hard.
