NQ traded sideways on Monday, not able to trend up as the setup suggest, that's a bearish signal. However, key support now is 14,850, the 20-day moving average on the daily chart. Above 14,850 NQ may just continue to trade sideways in a choppy pattern. A break below 14,850 would likely trigger massive selling, with the next key support at around 14,400
Key intraday inflection price level for NQ on Tuesday will be at 14,980, bullish above with first resistance at 15,080, and bearish below it with first support at 14,880.
