NQ traded sideways in a very narrow trading on Monday, a consolidation day following a large gap-up day. Once it ends NQ should rally back up again, as long as key support hold on any potential further pullback-down move.
Key inflection price level for NQ on Tuesday is 4163.
-- Above 4163 is an indication uptrend has resume, target is higher-high above Monday swing high, upside target is still 4200.
-- NQ is still in a pullback mode below 4163, key support is 4135. Should 4135 support is clearly broken, it is likely to trigger algo sell programs that could take NQ down to 4115 or 4100 support.
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