On Friday NQ opened with a gap-up, then trend down all day until the very end when arbitrage machine has stopped trading, some entity triggered massive buy programs that lasted into the close.
With the 900 billion Covid stimulus now has been agreed upon we could see a bullish Monday, as long as it can stay above key support levels.
For NQ going into Monday key intra-day support level will be at 12,701. Will remain in a bullish mode above it. If NQ is not able to stay above 12,700 in spite of the agreement on the 900 billion, that would be very bearish for the market.
