NQ trend up all day on Monday with the open near the low of the day and the close near the high of the day, a bullish close.
Very often, after a trending day we would see a sideways consolidation pattern trading between the 200-ma support and a new higher high, usually achieved in the early trading session as traders gets very bullish in the early morning, then profit-taking sets in and cause a decline down to supports, Floor Traders Pivots or all the way down to 200-ma on the 5-min chart.
Key line-in-the-sand tomorrow will be at 12,090
-- Bullish above targeting a break above Monday high
-- Bearish below it, targeting 200-moving average on the 5-minute chart
