After trading sideways for four consecutive days above breakout price level, 20,900, after breaking above it, NQ closed down below the low of the breakout day, triggering exit & reverse short for the buyers which then caused a huge gap-down on Friday, which led to a trend-down day on Friday.
Monday could be a consoli9dation day with key support at Friday low. As long as NQ remains above Friday swing low we should see sideways action with key intraday inflection price level at 20, 500, bullish above it with first resistace at 20,685, then 220,900.
Bearish below Friday low, with next major support zone between 19,900-20,000.
