A choppy sideways day for NQ on Friday following a large trending up day on Thursday. With NQ now in overbought zone on the 60-minute time frame and approaching key resistance at 15,150, NQ would need to be very bullish to trend up on Monday. To do so it would have to stay above key inflection price level at 15,100.
Trading below 15,100 is an indication NQ is going lower and in consolidation sideways mode, with first support at 15,040. Then if that support does not hold and reverse price back up, the lext lower support is at 15,000.
