NQ traded sideways on Monday, selling off in the morning but looks ready to rally in the afternoon. The closing price was still below key price level, the 200-ma on the 5-minute chart, which at Monday's close was at about 7150.
If NQ can trade above its 200-ma on the 5-minute chart (about 7150) on Tuesday then we should see a rally day. If so, strong resistance is at 7500.
If NQ failed to stay above 200-ma (7150) selling could come back in, with 6800 a key support
The fate of the stimulus plan will determine the direction of the market on Tuesday
