On Friday the bounce from major support zone continued with Friday as the second consecutive up-trending day in a row.
On Monday, depending on where NQ trades at, we could see NQ rally to continue to the next resistance, 12,500, right away, and then pull-back down to support, 12,260,
Or NQ may consolidate before rallying back up to resistance, 12,500, as long as consolidation does not get too deep.
Key inflection price level for NQ on Monday will be at 12,250, As long as NQ does not clearly violated 12,250 during consolidation a rally to 12,500 is still very likely.
Trading below 12,250 implies NQ is in consolidation mode.
