1. NQ Daily Trend = UP
2. NQ 60-minute Trend = DOWN below 7935, UP above 7935. As of Monday's close, the 60-minute trend was still down
3. NQ 5-minute Trend = UP
Market manipulators worked very hard on Sunday night to ensure that there is NO follow-through selling on Monday. The stock market opened with a gap-up, and then rallied.
Without enough buyers participating with the manipulators, rally quickly fizzled, NQ then traded sideways in a very narrow choppy range all day Monday.
For Tuesday trading session, NQ inflection price level will be 7910.
-- Above 7910 NQ is in an uptrend and bullish on the 5-minute chart. However, to get the rally going NQ would need to trade above 7935.
-- If NQ should trade below 7910 on Tuesday we could see some selling coming in. If so, support is again at 7840-7850 price zone.
