NQ is currently in a sharp parabolic move up on the daily time-frame as short-sellers are forced to cover. The upside target is still at 17,000 or higher. However, as of the close on Friday NQ was in overbought zone on the daily chart.
Although Friday was a trending up day and in overbought on the daily chart it is still possible that NQ could trend up again on Tuesday, simply because it is in a fast parabolic up move.
Key line-in-the-sand for NQ on Tuesday will be at 14,680, bullish and potential trending up day above 14,.680, and in a pullback sideways consolidation below it. First support is at 14,620
