On the bigger picture daily chart, NQ is showing a bearish head and shoulder pattern.
The rally from a pullback low was an A-B-C wave pattern equal drive, 1:1 to .786 Fibonacci retracement level which then stalled at that level and started to drop back down to key support level, 15,375, the 20-moving average on the daily chart.
Going forward, 15,375 would be key trigger level for many algorithm, buy mode above it, but sell mode below it.
As such, 15,375 will be key level to watch on Monday, bullish above it, bearish below it.
