Friday was very choppy narrow range sidewayas trading action as NQ pushes up against strong overhear resistance. As such, Mondays trend direction will depend on where it trades in relation to its key inflection pricxe level
For Monday that inflection price level will be at 18,485, bullish above it, resistances are 18,700-18,900and bearish below it.
With most trailing stoploss below Friday low, 18,411, a sustained break below could trigger massive selling.
So far tonight, Sunday night, thye stock market are trading fglat while bitcoing is down a lot, an indication Monday could be a bearish day.
