NQ opened and dropped down to 3930 support in th morning on Monday before reversing and trend up all day all the way up to 3970 resistance before pulling back down into the close.
Depending on where NQ trades in relation to 3970 key resistance in the morning, NQ either going to rally up to the next resistance 3990, then 4000, or reverse back down to 3934 or 3930 suport.
Price inflection level for NQ on Tuesday is 3960.
-- Bullish above 3960, but it needs to clearly break above 3970 to trigger momentum algo buy programs, upside target is 3990 - 4000.
-- Bearish below 3960, with support at 3940 then 3930.
A 2-day FOMC starts tomorrow on Tuesday, so be on guard for possible choppy non-trending range-bound market.
