On Thursday after making a lower low below Wednesday swing low NQ rallied ahead of the long holiday weekend, a normal bullish-bias trend ahead of a long weekend.
On Monday we could see the dominant trend reasserting itself trend. The dominant daily trend is currently still up, but decelerating. As such, we could see NQ trending back down on Monday. If so, NQ should trade below support, 13,080
Key intraday price levels on Monday will be at 13,200 as resistance, trading above it will be bullish, and 13,080 as key support, and NQ will be bearish below it.
