A choppy narrow-range up-day for NQ on Monday with a close near the day high. NQ is now approaching overbought condition on both the 60-minute chart and the daily chart, so it is vunerable to a large pullback down move.
However, keep in mind that the Fed would want to continue holding the market up going into the long 4th of July weekend holiday, so they may just continue to buy any drop. As long as any pullback down can stay above key support level NQ should continue going higher, but it may continue to be slow and choppy unless of course we get a larger pullback down before resuming the uptrend
Key support for NQ on Tuesday is 3830.
-- If 3830 is clearly broken the next support is 3810.
