NQ traded sideways above priuor swing high on Monday. Unless, NW can break back below 13,600, the shorts may starts to cover. If so we could see a large trending move to the upside.
A break back below 13,600 could start to run-over trailing stoplosses for the longs, thus could trigger heavy selling.
On the intraday 5-min chart, key line-in-the-sand for Tuesday will be at 13,640, bullish above it. However, overbought conditions could still cause a profit-taking pb down, but general trend will remains bullish.
