After just one day of consolidation following a large two consecutive down days, NQ trend back down again on Friday, testing key support level, 15,500, at the low of the day
15,500 Will be key support going into Monday trading session, a beak or a bounce for it. NQ intraday trend direction for Monday will depends on where it trades in relation to key support level, 15,500.
With so many algos buying just above 15,500 tripple bottom support and prior swing high now support, a clear and sustained break could turn buyers into seller, thus can cause a massive/large down days with the next strong support being the 200-day moving average on the daily chart, now at around 14,900.
Key intraday inflection price level for NQ on Monday will be at 15,680, bullish above with next resistance at 15,780, bearish below with next support at 15,500
