NQ traded sideways in a choppy narrow range pattern on Friday, the usual Friday pattern. Friday sideways pattern is a setup for a large up day, likely on Monday, as long as NQ remains above Friday swing high.
If NQ should open with a huge gap up and then spiking up into the 14,100-14,200 price zone, we could then see a choppy sideways action after reaching those price zone..
Should NQ trade below 14,020 line-in-the-sand on Monday we could see a move down to 13,960 key 200-ma support on the 5-minute chart. Trading below that would imply a retest of breakout price level, 13,880.
