NQ is still in an uptrend (bullish mode) on the daily chart, and still in an uptrend (bullish mode) on the 60-minute chart, but in a pullback consolidation mode on the intraday 5-minute chart at the close on Friday..
With all the major indices, the NQ, the S&P 500 and the Dow all currently above their respective 20 and 50-dma (thus in bullish mode), but still below its key 200-dma resistance, there is still a lot of room left for the market to rally. NQ is currently still about 300 points below its 200-dma (7100) as of Friday's closing price (on the daily chart).
On the short term intraday time frame, key support for NQ on Tuesday will be at 6735.
-- As long as any pullback decline in NQ remains above 6735, the rally will continue, with the next upside target above Friday's swing high.
-- Should NQ decline and then clearly break below 6735, we could see more selling, if so, strong support is currently at 6650
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