NQ continued to trade inside a narrow trading range between 11500 to 11,800 on Friday. Unless we get an unexpected market moving news such as the agreement on the new covid " so-called stimulus" or new about the upcoming election, NQ is going to continue to see NQ stuck between 11,500 support and 11,800 resistance
However, should NQ break out of the range, we could see a large 300 to 400 points trending move in the direction o the break.
Key inflection price zone for NQ on Monday will be at 11,630. If NQ should trade above it we could see NQ rallying up to 11,800. Below it we could see NQ dropping down to support at 11,500
If NQ should break below 11,500 o some bearish news, we could see heavy selling with the next lower target at 11,200 and possibly down to 11,000 as the longs get liquidated.
