Current NQ daily trend is UP but just starting to get into overbought condition.
Current NQ 60-minute trend is UP but now in overbought condition.
Current NQ 5-minute trend is UP as of the close on Monday, but was in overbought condition at the close on Monday.
A very narrow and choppy trading range for NQ on Monday simply because the market is topping but still getting manipulated upward by the Fed.
As such, and as long as it is till in an uptrend on all the three timeframes, the uptrend can continue and likely to continue in a very choppy narrow trading range as most traders are not participating in the rally, simply because the reward of going long the market is very low but the risk is very high.
For Tuesday, key intraday support for NQ going into Tuesday trading will be 7950.
-- And as long as NQ remains above 7950 on Tuesday the slow choppy narrow-range uptrend trading action should continue.
