After dropping down to support on Friday NQ then spent the rest of the day rallying up towards very crucial resistance the double top resistance with February swing high.
As NQ approaches key double-top resistance at February swing high, 13,865-13,880, we could expect two possibilities.
1. NQ could decisively break above it, then triggers short-covering and rally non-stop for two to three days before pulling back to retest the break, or
2. NQ could pullback and consolidate before breaking above it. Then when it breaks, it would continue to rally without pulling back.
On the intraday time-frame, key price level for NQ on Monday will be at 13,780. Stll in bullish mode above it, and in pullback mode below it, with first key support at 13,720.
