NQ continue to rally into the Thanksgiving holidays. NQ has rallied into overbought zone on the 60-minute and the near overbought on the daily time-frame. As suck we could expect some alrger pullback this coming week.
With all the major indices still in bullish mode on the longer-term timeframe we could expect the rally to continue as long as pullbacks does not violated key technical level.
On the intraday time-frame, key inflection price level for NQ on Monday will be at around 12,250, bullish above and bearish below, with key support at the 200-ma on the 5-minute chart.The next lower support is 12,040
