NQ rally continued on Monday with the day high at double-top with April 16 swing high.
Now that NQ has retested the previous swing high from April 16 and then dropped, we should now see NQ either breakout above the high and trigger a massive short-covering rally, or pullback down to support, 13,860-13,880..
Should support hold on a retest, we should see the uptrend resume. Should support failed we could see a sharp decline. Breaking above the April 16 high however implies NQ is going to rally fast without pulling back down.
Key line-in-the-sand for NQ on Tuesday will be at 13,980
