A sideways consolidation day for NQ on Thursday and the market was closed on Easter Friday. NQ is bearish on the daily chart and could go either way, up or down on Monday. The 60-minute time-fame and the 5-minute time-frame are both showing a balance pattern..
Overnight on Sunday night the US stock market has been coming down over 200 points as international investors continue to sell US assets. The key would be when New York market opens for trading on Monday.
For NQ, key price level are 18,500 resistance. A breakout above would be bullish, upside target is 19,000-19,200. Key support level is 18,120, bearish below it, with first downside target at 17,500.
