A sideways consolidation trading pattern for NQ on Friday. As such, on Monday we could see either a resumption of rally, or a deeper pullback down to lower support depending on where NQ would trade on Monday soon after the open in relation to key inflection price level.
For NQ on Monday that inflection price leve;l will be at 12,600,bullish above it and bearish below it, with lower support at 12,400.
The FOMC will meet on Tuesday and Wednesday. The market could become unpredictable as we get closer to the Fed announcement.
