NQ trend down in the morning on Monday, then reversed and rally back up to equilibrium zone in the afternoon.
Key support/resistance price zone for NQ on Tuesday will be at 11,940. If NQ could trade and then stay above 11,940 we could see NQ rallying up towards resistance at 12,035.
A sustained break above 13,035 has the potential to trigger short-covering. If so we could see all day rally. However, failure to stay above 12,030 could cause a sharp reversal back down towards 11,940 area..
NQ is bearish below 11,940 with first support at 11,870. Short trading weeks due to Thanksgiving Holidays, usually has a bullish bias.
