On Monday NQ opened with a huge gap-up, then ran up to targets, and reversed very quickly and dropped down almost 400 points from the morning high.
Under normal market conditions NQ should pullback down for 2 days. The pullback down move was brief as buyers came back agressively to buy.
With NQ now in parabolic mode up, it is possible NQ could rally back up to another higher high above Monday high during Tuesday's trading. To do so it has to trade above 13,500 on Tuesday.
Trading below 13,500 could attrack some selling. Key support is now at 13,400. Trading below 13,400 is bearish, with first support at 13,300. If that support breaks,the next lower support is at 13,200
