On Friday NQ opened and then quickly rally above Thursday high forcing the shorts to cover. Short-covering continued into the close on Friday. It was a trending up day on Friday.
More shorts may need to cover, and the target is still inside th range of 13,350-13,500 for the short-covering before we can expect a 2 to 3 days pullback down days on profit-taking.
On Monday we could see some pullback before the rally resumes. Key support for pullback is at 13,100. Still bullish above it. but trading below Friday high may cause a sideways consolidation type of day.
