After a sharp decline on Friday, NQ rallied on Monday, and close above key price level, 8780 on Monday, setting up a potential huge gap-up open then followed by a strong rally on Tuesday as the shorts are forced to cover.
If so, the next upside target is 8980 resistance, but 8910 is a strong resistance level, and has the potential to stop the rally.
Key support for NQ on Tuesday will be at 8760.
-- As long as NQ stays above 8760, NQ has a bullish bias.
-- A break below 8760 will turn NQ bearish. If so, we can see NQ testing Monday low. A clear break of Monday low could tank NQ down to the next support level at 8600
