Following a large down-trending day on Thursday NQ consolidate the sell-off on Friday, trading just sideways all day long.
NQ may be ready to trend again on Monday, and the direction of the trend wil depends trades in relation to its key intraday line-in-he-sand, which on Monday will be at 12,700.
Staying above 12,700 should reduce the selling pressure. If so, we could see NQ rallying up to 12,900-13,00 resistance zone.
Below 13,700 NQ is bearish but it needs a sustained break below Fridy low to trigger another round of heavy selling.
