A sideways trading pattern type of day for NQ on Friday. NQ remained above key breakout price level, 13,300 on Friday. However a lack of buying interest is holding back a fast rally type of day.
The lack of buying is an indication NQ is topping and the next down leg will come soon. Many sellers are still waiting on the sideline until we can see conformation that the downtrend has started.
Key support for that would be at 13,000. NQ would need a sustained break below 13,000 to trigger heavy selling.
On Monday key intraday price level is 13,300, bullish above it and bearish below it.
