A sideways pattern for NQ on Friday, the normal Friday trading pattern. A sideways trading pattern is a paused in trend. A pause in trend could meand a pause before continuing the trend or it could mean a pullback is coming.
Friday pause pattern seems to be setting up for a larger pullback on Monday. But we would watch the intraday key inflection price level for trend direction on Monday.
Key inflection price level to watch for will be at 14,630, bullish above it, target is higher high above Friday high, and bearish below it with support at 14,450, a strong support. The market would need to be very bearish to break below that support level.
