A large opening gap-up on Monday, and then traded sideways with a slight upward slant, either setting up a pullback in the morning, or perhaps Monday was a running correction as short-sellers got trapped, if so, it is a set-up for an opening gap-up on Tuesday or an open-drive up on Tuesday.
In any case, key price level to watch for on Tuesday is 4375.
-- Trading above 4375 is an indication NQ is going to trend upwards. If so, the next resistance is 4410.
-- Below 4375 implies NQ is likely in a pullback mode, downside target is 4350. Breaking below 4350 will put NQ into a bearish mode, next support is 4330-4340.
