A choppy up day for NQ on Monday. It took NQ all day to rally up to critical 5400 resistance price level..
5400 will be key price level for NQ on Tuesday
-- A sustained break above 5400 could trigger more short-covering activities that could take NQ up to 5440, which is the next resistance.
-- A failed breakout above 5400 or failure to break above 5400 could trigger so selling that would likely push NQ back down to retest the recent swing low 5347, however the first support below 5440 is 5365.
