On Friday NQ traded sideways until late in the afternoon, after testing support, rallied and closed at the high of the day, setting up a continual rally on Monday or a pullback down, depending on where it opens in relation to its intra-day line-in-the-sand, 13,050.
Above 13,050 in the morning implies NQ is going to rally then reverse back down. If the open is below 13,050, and it stays below, we could see NQ first pulling abck down to first support, 12,920 before rallying back up.
If the market is not so bearish NQ should rally from 12,090 support. Overnight bitcoin and gold continues to sell-off, likely setting up a potential bearish Monday.
