A sideways consolidation day for NQ on Friday is a potential setup for a larger pullback-down move that could occur on Tuesday that most traders will be back from the long weekend holiday. However, if the Fed buyers are present on Tuesday, instead of pulling back down on Tuesday, we could also see NQ rallying up to another higher-high on.
Key price level for NQ on Tuesday is 4520
-- Breaking key support level 4520 could trigger a larger pullback down, lower supports are 4503 then 4480.
-- Above 4520 implies NQ is likely going to rally to another higher high.
