A non-stop rally for NQ on Friday, day 4 rally. NQ has rallied up to key resoistance, the 50-day moving average on the daily chart. From Friday high we could expect one of two thing to happen this coming week.
The first thing that could happen is for NQ to continue to rally to its 200-day moving average on the dayly chart, or secondly NQ could pullback down, and the narure of the pullback days will tell us whether the pullback is a set-up for the next rally leg or whether or not it is going down to test the low.
On the intraday basis, key inflection price level for NQ on Monday will be at 14,420, bullish above it with the next resistance at 15,000, and bearish below it.with the first support at 14,250-14,280. If that level does not cause a large impulsive bounce, the next lower support is at 14,090-14,130.
