NQ opened with a large gap-up designed to trigger another round of short-squeeze to help NQ bust through strong resistance between 12,000-12,100, resistance generated by prior support, now turned resistance, prior swing low on the daily chart.
With inflection price level 11,875 which is right in the middle of the consolidation zone, we could see NQ either try to rally back up towards overhead resistance at 12,000-12,100 or drop back down to support at 11,650-11,700
gain, key inflection price level is at 11,875, bullish above it, bearish below it.
