Friday was the third down day in a row following a huge gap-down open on Wednesday last week. As such it is reasonable to expect the market to consolidate sideways or rally on Monday.
Key intraday price level for NQ on Monday will be at 19,630 as support and 19,780 as key resistance.
Bullish above 19,780 with first resistance at 20,015, and bearish below 19,630 with first support at 19,375
US President Biden has announce over the weekend that he is dropping out of the Presidential race. His decision could significantly affect market action on Monday and going forward.
