A choppy with a bearish bias day for NQ on Friday. On the daily time-frame NQ is still below its 20-day moving average, thus still under a lot of selling pressure from the larger algos.
At the end of the day on Friday NQ is set to trend away from its consolidation zone on Monday. Key inflection price level to watch for the bias is at around 14,840, bullish above it with upside target at 15,000 if it can break and stay above 14,870.
Bearish below 14,840, with key support at 14,800. If NQ should break below it and stay below 14,800, we could see a large liquidation day especially if 14,700 support is broken.
