Big rally in the equity market on Friday, with NQ opening with a big gap-up above resistance, then spent the rest of the day rallying up, with a close at the high of the day.
On Monday, it is possible after a big rally day last Friday that NQ may chop sideways before trending back up again on Tuesday. The only risk to the market rallying right now is the stimulus negotiations between Trump and the Democrat. Being this close to the election it is highly doubtful Trump is going to risk market meltdown before the election.
Key line-in-the-sand for NQ on Monday will be at 11,690. Above 11,690 the uptrend is still very much intact. Nest major rally target for NQ is at 12,000-12,100
