The stock market traded sideways on Friday ahead of the long weekend. Ovenight n Monday night NQ is trading down. Aas of the close on Friday NQ can go either way on Tuesday.
Key inflection price level for NQ on Monday will be at 16,925, bullish above it and therefore bearish below it.
If NQ opens and stay below 16,925 we could see it quickly dropping down to its first support at 16,760, a double-bottom support with January 11 swing low.
Trading above 16,925 will be bullish, first resistance is at 17,065 then 17,150 double top with December 18th 2023 swing high.
