A huge opening gap-down for NQ on Friday last weeks, forcing the buyers to exit their long position which cause NQ to tanked hard. NQ then traded sideways in the afternoon, a bearish bearflag pattern, setting up another huge downtrend on Monday.
NQ has already traded over 200 points soon after the globex market open on Sunday evening. due to the fact that the Fed is going to hike interest rate this coming week in addition to starting its quantitative tightening which will drain liquidity from the financial system.
Key intraday inflection price level for NQ on Monday will be at 11,850, Trading below it is bearish. Monday is likely a huge down day, targeting a break below 11,500
