As expected, following a trending up day on Friday NQ traded sideways in a consolidation pattern on Monday, with first making a higher high in the morning then pulling pack down a traded sideways most of the day.
With Friday being a very large up trending day it is possible for NQ to spend another day of consolidation before resuming its uptrend.
Key price level for NQ on Tuesday will be 6225, a balance price level.
-- Staying above 6225 is going to keep selling under control, and a higher high is likely.
-- Breaking back below 6225 implies a continuing consolidation and deeper pullback, first support is 6175
Target for the Fed buy programs now seems to be Apple computer symbol AAPL
