A down day for NQ on Friday. The low of the day was within a strong support zone between 12,200-12,300. It is a very strong support zone, as such could cause a one to two day bounce before breaking below it.
With so many algos buying between 12,200-12,300, if there is no bounce from support, and instead, it break down below it, we could see a quick decline down to the next support at 11,500.
On the intraday 5-minute time-frame, key inflection price level for NQ on Monday will be at 12,300, with key resistance at 12,370.
