On Monday NQ opened with a gap-up to upside targets. Selling did not come into the market as NQ remains above the open all day. It simply spent the rest of the day trading sideways in a very narrow range.
With NQ now deep in overbought territory, it may just continue to chop around in a sideways fashion if it remains above key line the sand of 6535 on Tuesday.
A break below 6535 however could trigger some selling, support is at 6490.
In order to avoid government shutdown there is a need to pass the Trump tax plan by Friday..
