A down day for NQ on Monday as the 10-year treasury yield continue to rise. After making a higher high above Friday high, NQ then trend down all day, closing at the day low.
For Tuesday trading range for NQ will be at 12,200 as key support and 12,530 as key resistance, 12,200-12,530 trading range, with the mid point at 12,400, bullish above 12,400 with first resistance at 12,530, and bearish below 12,400, with key support at 12,200.
A break out of the 12,200-12,530 trading range could cause a fast trending move out of the range. However, as always, be on the lookout for falsebreak with fast reversal.
