As usual, NQ traded sideways on Friday choppy downswing in the morning then choppy rally in the afternoon with a bullish closing.
Key inflection price level for NQ in the morning will be at 16,780, bullish bias above and bearish bias below it.
The first set of resistance is at 16,420-16,450. A clear and sustained break above that should rocket NQ higher with upside target of 17,000 which should take it about 2 to 3 days to get there.
Failure to break above 16,450 is bearish, and thus could attract selling to tank NQ back down to key support at 16,080.
