NQ traded sideways above key support level, 13,700. Stop-losses for those who went long at just above 13,700 double-bottom support will reside just below 13,700.
For those who were still holding short position, a failure to break below 13,700 could trigger some profit-taking (buying) activities that could catapult NQ back up and trigger some short-covering activities to force NQ back up to retest key resistance at 15,000
A sustained break below 13,700 could cause a mass exit and reverse short trades capable of tanking NQ down to the next support level, 12,000 - 12,200 in a very short time.
