As usual, NQ traded sideways on Friday as traders balance their books and there was no major new that can cause the market to trend.
The FOMC will have their meeting this coming weeks and it is highly expected the Fed will raise interest rate by 75 basis points.
As long as the FOMC does not raise interest rate by 100 basis point we should continue to see an orderly decline as the bear market continue to intensify.
On the intraday basis key inflection price level for NQ on Monday will be at 11,850, with key resistance at 12,000 and key support at 11,700
