As expected NQ traded sideways in a consolidation pattern following a trending up day on Friday.
At Monday's close, NQ has broken above 13,800 key resistance and closed above it, setting up a breakout trending up day on Tuesday, that is, as long as no negative news is released before the open on Tuesday. Trend up targets is around 14,000.
Should NQ opens with a gap-up on Tuesday I will be looking for NQ to trend up all day, as long as it can stay above itd 50-moving average on the 5-minute chart.
Should something unexpected happens overnight and NQ open below 13,800, we could see NQ pulling abck down to supports, 13,760 then 13,700.
