NQ pullback down to 200-ma support on Friday morning, then rally all day into the close.
With key breakout level above Thursday high for upside breakout and below Thursday low for downside breakout, look for short-covering or long covering to last all day on Monday. A trend-up above 11,960, and a trend down below 11,780.
A false-breakout can also reverse and trend all day in the opposite direction of the break.
A break above Thursday high, 11,960 on Monday and if it can stay above 11,960 could trigger a short-covering rall that can last all day on Monday.
