A narrow range choppy up day for NQ on Monday. As long as NQ remains above 4800 a choppy sideways trading pattern or a choppy up-trending pattern should be the norm. The Fed directly or indirectly should remains the main buyer of equities.
On the short term intraday timeframe, key support for NQ on Tuesday will be 4830 support and 4860 resistance.
-- As long as NQ remains above 4830, uptrend remains alive., and key resistance is 4860.
-- If NQ should break below 4830 the next support will be 4800.
