After a brief and sharp sell-off in the morning on Monday NQ reversed and rallied all day on Monday to close at the day high, setting up a trending up day, short-covering day on Tuesday, that is, as long as NQ can stay above 15,800, as key inflection price level for NQ on Tuesday.
Trading above 15,800 would forced the shorts to cover which could lead to rally up to 16,050. If that is broken, then the next upside target could be anywhere between 16,200-16,400.
Trading back below 15,800 is bearish,. If so, the next support is again at 15,550
