On Friday NQ opened with a huge gap-down and then trend down all day. NQ continue to consolidate above 18,000 price level, if broken is likely to cause a cascade of selling. Strong support below 18,000 is at 17,380, which should be a good lower target on a break below 18,000.
Key intraday inflection price level for NQ on Monday is at 18,200, bullish above, and bearish below it.
With declining liquidity in April and possible into June, it is just a matter of time before 18,000 support will break.
