A breakout day for NQ on Tuesday with a gap-up open above prior day high. After a brief arbs pushback, NQ rallied up and then closed at the day high, setting up another round of forced short-covering rally immediately if NQ can trade above key inflection price level at 7560 for Tuesday morning.
Trading below 7560 is an indication that profit-taking activities is overwhelming the buyers. If so first support and critical support is at 7517.50, which is Monday swing low, a breakout day low.
Going forward, 7517.50 will be the key support level.
