Monday was a reversal day with a false-break to the downside immediately after the open, then reversed back up and rallied all day. As such many traders were trapped with their short position.
Thus we could see a gap-up open on Tuesday with a short-covering rally in the morning before reversing back down in the afternoon session.
Key intraday support for NQ on Tuesday will be at 9680.
-- As long as NQ is above 9680 on Tuesday morning NQ will remain in bullish mode.
-- Break-back below 9680 will turn NQ into a bearish mode.
