A very large rally day for NQ on Monday with NQ closing near the high of the day. This type of day is often followed by a consolidation day.
If followed by a sharp morning rally we could see a fast and sharp reversal down move either during late morning or afternoon.
A sharp pullback in the morning indicates a likely strong rally to higher high before pulling back down in late afternoon.
Key intraday support for NQ on Tuesday will be at 10,840-10,870
-- Normal pullback should be just to 10,840-10,870. As long as the price level is not violated we should see N2Q rallying to a higher high above Monday swing high.
-- If NQ should clearly break below 10,840 we should starts to see a larger decline to 10,760 zone.
