NQ pull-back down to support in the morning before resuming its uptrend on Monday. NQ close at the high of the day.
On the daily chart, NQ is now approaching 200-ma resistance and in minor overbought condition. A such we may see, from time to time, some sharp selling price action on the 5-minute chart due to some profit-taking activities as NQ approaches resistance and overbought conditions.
Key support level on the daily chart is at 14,250-14,350. As long as that support level is not violated we should see the current uptrend to continue.
On the 5-minute chart, on Monday NQ closed in extreme overbought condition, thus likely to trigger some pullback on Tuesday. If so, supports are at 14,89 then 14,800
