Monday was the second pullback down days for NQ. Key support on the daily time-frame is 12,200. As long as NQ can stay above 12,200 the rally should continue after a brief pullback.
Should 12,200 support is violated, the trend will turn back to bearish, and the sell-off should be fast.
The FOMC will hold a 2-day meeting starting on Tuesday. I don't exp-ect the market to make a major move until the FOMC announcement on Wednesday.
However, anything is possible, watch the support level off 12,200 as key line-in-the-sand going forward.
