As expected after a brief pullback in the morning on Monday, NQ then rallied all day with a small profit-taking decline at the end of the day.
On Tuesday we could expect some pullback either soon after the open or later in the afternoon, depending on where NQ opens.in relation to its intraday inflection price level, which on Tuesday will be at 12,820.
Staying above 12,820 at the open is an indication NQ is going to rally to another higher high before then pulling back down to support levels, 12, 820, then 12,785, 12,755
With most traders still on holidays, we could expect very choppy trading action going forward
