A rally day for NQ on Friday. The high of the day was starting to bump into area where profit-taking and short selling would start, the 50% retracement from the high to the low on April 19 plus minor resistance at 17,950
The next key resistance above 17,950 would come in around 18,100 resistance, a combination of reasons, prior consolidation low, .618 Fibonacci retracement level, 50-DMA and overbought zone on the 60-minute chart. This level may cause either a reversal back down or cause 2 to 3 days pullback.
Intraday inflection price level is at 17,800, acting as support as of the close on Friday. If that level gets violated to the downside, the next lower support is at 17,600
