-- NQ Daily trend = Down
-- NQ 60-minute trend = Up
-- NQ 5-minute trend = Up
NQ opened above 7700 intraday line-in-the sand on Monday, triggers short-covering that lasted all day with the close at the day high, just below 7800 strong resistance, setting up a break above 7800 to the next resistance 7840-7850, or pull back down to supports.
-- A break above 7800 target 7840-7850.
-- A failure to break above 7800 implies NQ is going back down to supports, with first support is 7750, then 7700
Inflection price level for NQ on Tuesday is 7770
