Following a sideways consolidation day on Friday NQ trend up on Monday. Normally, following a trending day the market tends to consolidate and trade sideways in a narrow trading range. As such, NQ is likely to trade sideways on Tuesday.
For NQ on Tuesday, key inflection price level is 9065.
-- If NQ trades above 9065 on Tuesday after the open, and if it is going to going to trade sideways in a consolidation pattern, the upside target for NQ on Tuesday will be about 9120 before it trades back down,
-- If NQ trades below 9065 soon after the open on Tuesday, and if it is going to going to trade sideways in a consolidation pattern, the downside target for NQ on Tuesday will be about 9020 before it reverses back up.
