An intraday reversal day for NQ on Monday,. After making a new low below Friday low, NQ was finally able to rally, but in a very choppy manner, indicating it was more profit-taking and some short-covering.
Key price level for NQ on Tuesday will be at 13,500, bullish above it with resistance 13,780, and bearish below it with the first support at friday low, 13,250
The FOMC meeting next week will be very important for the future market direction. If the Fed starts QT we can see the market will sell-off hard. No QT implies the market will rally.
