Another down day for NQ on Friday, the last trading day of 2021. NQ dropped below key support level, 16,400 with Friday being the fourth down day in a row, a bearish sign going forward.
NQ would need to break back above 16,450 and then break above 16,600 to change the bias from bearish to bullish. Until NQ has trades back above 16,600, where trailing stop-loss are now congregating, look for NQ to be bearish.
The next support zone where we could expect a bounce is 16,000.
On an intraday basis, key inflection price level is at 16,370, with first resistance at 16,450
