The equity market was closed on Monday. When the market closed on Friday, there was a short-squeezed at the end of the day.
With NQ now in overbought territory on the intraday 5-minute chart at the close on Friday, it is possible we could see a profit-taking pullabck selling on Tuesday morning. As long as profit-taking selling does not break below key support, which on Tuesday will be at 13,740-13,750 zone, NQ should rally back up.
Should NQ clearly break below 13,730, we could see heavy selling, with supports at 13,600-13,650.
