Another very narrow-range sideways pattern for NQ on Monday, still unable to break above 3800. The market is now in overbought condition on the daily chart, and running out of fresh new buyers, so it is vulnerable to a quick pullback down.
Key price level for NQ on Tuesday is again 3785.
-- As long as NQ stays above 3785 it may continue to trade in a choppy sideways pattern or up.
-- Trading below 3785 may attract some selling but it would have to clearly break below 3775 to attract some momentum algo sell programs designed to run over trailing stoploss for those holding long positions.
