A huge morning rally for NQ on Monday that was followed by a sideways consolidation pattern in the afternoon.
Once consolidation has ended we could see another rally to higher high above Monday high before the current rally ends and then it can go into a larger two to three days pullback, or even a much larger pullback.
Key inflection price level for NQ on Tuesday will be at 11,930, with the next upside target anywhere from 12,050 to 12,150.
Trading below 11,930 is an indication NQ is still in a consolidation mode before it rallies back u to higher high above Monday's swing high.
