NQ opened with a gap-up above resistance, but failed to trend up, instead it traded sideways above broken resistance, now acting as support. The reason for its failure to trend up is likely due to the strengthening US dollar.
On Tuesday NQ is likely to come back down to re-test broken resistance now support at 20,500 before rallying back up again to higher high,l and that is as long as 20,500 support is not violated.
A likely pattern for NQ on Tuesday is 1). down in the morning to 20,500 2). then rally to higher high above Monday's swing high.
Key support is 20,500.
