After trading down to support on Monday the rally continued on Monday. With NQ now in breakout mode above February swing high the rally can continue for a while.
Breaking back below Friday swing low, 9653 could trigger a cascade of selling from trailing stop-loss congregative below the breakout day low.
Key intraday inflection price level for NQ on Tuesday will be at 9840.
-- If NQ pullback down move breaks below 9840 we could see a further decline down to the next lower support, 9800.
-- If NQ stays above 9840 we would see NQ short-covering rally to continue to higher high.
