A huge sell-off for the stock market last week, with NQ Friday low was just above its 200-day moving average on the daily chart. As such there may be a bounce for one or 2 days before it tank again, breaking below its 200-dma.
A break below 200-dma target 16,500, a 1:1 target from the high.. If NQ should rally back above its 50-DMA on the daily chart, we should see NQ breaking above the July swing high.
On the intraday timeframe, key inflection price level for NQ on Monday will be at 18,540, bullish above with first resistance at 18,615, then 18,800.
