At the end of the day last week Friday NQ was rallying towards previous support now-resistance 3010. Whether or not it will continue rallying towards 3010 resistance depends on where it trades in the morning on Tuesday in relation to its equilibrium price level, which is 2985 for Tuesday.
Trading above 2985 implies NQ is still going up towards resistance 3010, which will serve as a very strong resistance level. A clear and sustained break above 3010 may trigger a short-covering rally, next resistance is 3020 and 3030.
It NQ trades below 2985 in the morning on Tuesday then I will be looking for price to decline down to re-test last week swing low 2965 area. A clear break below support could trigger a fast liquidation decline.
Trading range = 2965 - 3010
