Another narrow range choppy day on Monday with NQ first breaking above Friday high in the morning then dropping down to support before rallying back up again.
Without any major earning misses, the pattern of choppy narrow range rally should continue. However, should NQ breaks below support that attract longer term algos we could see the market starting to sell-off.
Inflection price level for NQ on Tuesday will be 7640.
-- Above 7640 we should see another higher high before profit-taking knock it back down.
-- Below 7640 implies a test of support, first support is at 7620 the 7600. We could see stronger selling on a break below 7600
