NQ traded sideways over the last trading days as market participants were home for the Thanksgiving holidays.
With that holiday out of the way market participants can now get back to making their investment decisions again.
For NQ bigger picture, key inflection price level is at 11,700. If the current rally is still intact, NQ should trade above 11,7000 and continue to rally, with resistance at 12,00-12,100 price zone.
If NQ should trade below 11,700, it is an indication that the rally may be over and the the bear market is is going to resume, with key support at 11,400. NQ would need to break below 11,400 and continue to trade lower to confirm that the bear market has resumed.
On the short-term intraday time-frame, key inflection price for NQ on Monday will be at 11,770, bullish above it, bearish below it
