The equities market remains in a very strong uptrend mode, but it has not had a decent pullback since the middle of December 2011.
NQ is now running into a trendline resistance and its uptrend momentum is slowing down significantly. However, it can continue to crawl upward as long as it does not break below key support levels where automated trailing stop may get triggered.
For Tuesday, key inflection point is 2605.
- Above 2605 implies the next upswing is in progress.
- Below 2605 implies it is ain a pullback mode, next support 2590
