After dropping down to key intraday support on Monday NQ then spent the rest of the day rallying, with small end of day profit-taking decline, an up day on Monday, but now in overbought zone on the daily timeframe, making it very difficult to rally, thus tend to be choppy.
At the end of the day, key NQ intraday support for Tuesday has now risen upward to 8300, with minor support at 8320.
-- Trading above 8300 is an indication that NQ may continue to chop around in a narrow choppy trading range.
-- Trading below 8300 cou8ld trigger some selling algos, first support is at 8270, then 8250 and 8200.
